Spandana Sphoorty to raise ₹85 crore, approves further NCD tranches

Spandana Sphoorty Financial Limited's management committee, at its meeting on December 17, 2025, approved the allotment of 8,500 listed, rated, senior, secured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000/- each. This private placement totals ₹85,00,00,000/-.

Additionally, the committee approved the issuance of further rated, listed, senior, secured, redeemable, taxable, NCDs on a private placement basis in multiple tranches. Tranche-I consists of up to 15,000 NCDs, including a green shoe option of 6,000 NCDs, valued at ₹150,00,00,000/-. Tranche-II includes up to 7,500 NCDs (with a 2,500 NCD green shoe option) totaling ₹75,00,00,000/-. Tranche-III comprises up to 20,000 NCDs (with a 7,500 NCD green shoe option) valued at ₹200,00,00,000/-.

These NCDs will be listed on BSE Limited. Tranche-I and Tranche-III NCDs will have a tenure of 30 months, maturing on June 30, 2028, and offer an 11.50% p.a. coupon payable quarterly. Tranche-II NCDs will have a 27-month tenure, maturing on March 31, 2028, with an 11.00% p.a. coupon payable monthly. All allotments are scheduled for December 23, 2025.