India's Spandana Sphoorty Financial up on NCDs issuance

Spandana Sphoorty Financial

14/10/2022 10:50

** Shares of microfinance company Spandana Sphoorty
Financial Ltd  SPAD.NS  up 4.3% at 582 rupees
    ** Co on Friday said it has approved the issuance of
secured, rated, listed, non-convertible debentures on a private
placement basis  urn:newsml:reuters.com:*:nFWN31E3BF 
    ** NCDs worth upto 600 mln Indian rupees ($7.28 million), co
added
    ** More than 100,000 shares traded by 0941 GMT , 0.6x their
30-day moving avg of more than 150,000 shares
    ** Up to last close, stock had risen 21% YTD
($1 = 82.4075 Indian rupees)
 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com;Mobile: +91 6001289066))