Spandana Sphoorty Financial Limited has notified that the Board of Directors on January 10, 2022, examined and ratified the recommendation of putting forward of budgets by way of additional problem of safeties through personal contributions or authorized organizations placement or another acceptable method under the acceptable legislation or any mixture thereof, in one or additional tranches, for an aggregate abundance not surpassing Rs300cr.
In reference to the statement, the Board has ratified the allocation of a postal ballot report, striving authorization of Members of the Company for problem of equity stakes for the proposed budget put forward.
Individually, Nitin Agrawal, the CEO has obtained an information from one of the company’s expounder which is Kanchenjunga Limited, implying its in-principle investment to instill up to Rs300cr as equity, accountable to treaty on retail terms and acknowledgement of essential regulatory authorizations.
At around 11:59 PM, Spandana Sphoorty Financial was marketing at Rs. 396 per which is up by Rs1.35 or 0.34% on the BSE.
It’s day time high is Rs. 418.60 and Day’s low is Rs. 390.
Spandana Sphoorty Financial Limited was encompassed as a public limited company with the phrase Spandana Sphoorty Innovative Financial Services Limited (SSIFSL) on March 10, 2003 at Hyderabad, Andhra Pradesh, India.
