Spandana Sphoorty Financial informs about outcome of committee meeting

24 Feb 2021 Evaluate
Spandana Sphoorty Financial has informed that the Management Committee of the Board of Directors of the Company at its meeting held on Wednesday, February 24, 2021 has, pursuant to the authority entrusted by the resolution of Board of Directors dated June 14, 2018 and within the limits as approved by the Members of the Company vide Special Resolution passed through Postal Ballot on July 17, 2020 on Private Placement basis, in accordance with the provisions of Sections 42 and 71 of the Companies Act, 2013 and the applicable provisions of Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 (“SEBI ILDS Regulations”), approved the issuance of up to 12,000 Secured, Rated, Listed, Redeemable, Transferable Non-convertible Debentures having face value of Rs 1,00,000 each, aggregating up to Rs 120,00,00,000. The meeting commenced at 12.00 noon and concluded at 12.30 pm.

The above information is a part of company’s filings submitted to BSE.

Spandana Sphoorty Share Price

476.00 73.25 (18.19%)
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