
According to reports from CNBC TV18, Spandana Sphoorty Financial Ltd has approved the issuance of up to ₹500 crore non-convertible debentures (NCDs) through private placement, including a green shoe option of ₹200 crore. The Management Committee of the board cleared the proposal on April 20, 2026, for issuing up to 5,00,000 listed, rated, senior, secured, redeemable, taxable NCDs with a face value of ₹10,000 each. The debentures will be listed on BSE Ltd.
As reported by CNBC TV18, the issue includes a base size of ₹300 crore and a green shoe option of 2,00,000 NCDs aggregating ₹200 crore, taking the total issue size to ₹500 crore. The NCDs will carry a coupon of 11.25% per annum, payable monthly, with interest payments scheduled on the 26th of each month, starting May 26, 2026, and continuing until April 26, 2028. The tenure of the instrument is 729 days from the deemed date of allotment, with allotment scheduled for April 28, 2026, and maturity on April 26, 2028.
According to the company statement reported by CNBC TV18, principal repayment will be made on a half-yearly basis on the 26th of the respective months, beginning October 26, 2026, and continuing until maturity. The debentures will be secured and redeemed at par. The company stated there are no special rights or privileges attached to the instrument, and no instances of delay or default in servicing of interest or principal. There are also no comments or communications regarding payment concerns. The proposal does not involve any cancellation or termination of issuance plans, indicating the company's commitment to proceeding with the NCD issuance.
As reported by CNBC TV18, shares of Spandana Sphoorty Financial Ltd ended at ₹221.50, down by ₹4.40, or 1.95%, on the BSE today, April 20, 2026. The proposal does not involve any cancellation or termination of issuance plans, indicating the company's commitment to proceeding with the NCD issuance.