Archive · 23 Dec 2025
Spandana Sphoorty Approves ₹415 Crore NCD Issue
Spandana Sphoorty Financial Ltd, a microfinance company, has approved the issuance of non-convertible debentures (NCDs) worth ₹415 crore.
This is to help them get more money for their business.
They also announced their new CEO, Venkatesh Krishnan, who has a lot of experience in banking and microfinance.
However, their latest financial results for the second quarter of 2025 were not good.
Their sales dropped a lot, and they made a big loss.
Despite this, their stock price went up a little bit.
Spandana Sphoorty Financial Ltd's board approved a ₹415 crore NCD issue through private placement.
The company allotted 41,500 NCDs, each with a face value of ₹1 lakh.
Venkatesh Krishnan was appointed as the new Managing Director and CEO, effective November 27, 2025.
The company reported a 66.56% year-on-year decline in net sales to ₹229.55 crore in Q2 2025.
Spandana Sphoorty posted a net loss of ₹249.13 crore for the September 2025 quarter.
- Who
- Spandana Sphoorty Financial Ltd
- What
- Approved ₹415 crore NCD issue and reported Q2 financial results
- When
- December 23, 2025
- Where
- India
- Why
- To bolster funding base and report financial performance
- Company
- Spandana Sphoorty Financial Ltd
- NCD Issue
- ₹415 crore
- NCDs Allotted
- 41,500
- Face Value per NCD
- ₹1 lakh
- New CEO
- Venkatesh Krishnan
- Q2 Net Sales
- ₹229.55 crore
- Q2 Net Loss
- ₹249.13 crore
- Stock Price
- ₹271.80
