What is Spandana Sphoorty's latest financial move?

Spandana Sphoorty has approved the allotment of ₹415 crore in non-convertible debentures through a private placement.

Who is the new MD and CEO of Spandana Sphoorty?

Venkatesh Krishnan was appointed as the Managing Director and Chief Executive Officer of Spandana Sphoorty in November 2025.

How did Spandana Sphoorty perform in Q2 2025?

The company reported a sharp deterioration with net sales falling 66.56% and a net loss of ₹249.13 crore in the September 2025 quarter.

Home / Business and Economy / Spandana Sphoorty Secures ₹415 Cr via NCDs

Spandana Sphoorty Secures ₹415 Cr via NCDs

23 Dec

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Summary

Spandana Sphoorty approved ₹415 crore NCD allotment via private placement.
Company seeks to strengthen its funding base with this significant issuance.
Venkatesh Krishnan recently appointed as MD and CEO in November 2025.

Spandana Sphoorty Secures ₹415 Cr via NCDs

Spandana Sphoorty Financial has taken a significant step to reinforce its financial standing by approving the allotment of ₹415 crore worth of non-convertible debentures (NCDs) via a private placement. This strategic move is designed to strengthen the company's funding base as it navigates its recent financial performance.

The microfinance lender announced the allotment of 41,500 rated, listed, senior, secured, redeemable, and taxable NCDs, each with a face value of ₹1 lakh. This decision was made by the board on December 23, 2025, underscoring a commitment to growth and stability.

This financial maneuver follows the recent appointment of Venkatesh Krishnan as the new Managing Director and Chief Executive Officer, effective November 27, 2025. Despite these efforts, the company faced challenges in its September 2025 quarter results, reporting a sharp decline in net sales and a net loss.