Spandana Sphoorty Financial Ltd - 542759 - Outcome Of The Management Committee Of The Board Of Directors Meeting Held On December 30, 2020
Management Committee of the Board of Directors of the Company at their meeting held on Thursday, December 31, 2020 has, pursuant to the authority entrusted by the resolution of Board of Directors dated June 14, 2018 and within the limits as approved by the Members of the Company vide SR passed through Postal Ballot on July 17, 2020 on Private Placement basis, in accordance with the provisions of Sections 42 and 71 of the Companies Act, 2013 and the applicable provisions of Securities and Exchange Board of India ILDS Regulations, 2008 inter-alia approved the issuance of up to 2500 Secured, Senior, Rated, Listed, Redeemable, Transferable, Non-convertible Debentures having face value of Rs. 1,00,000/- each, aggregating up to Rs. 25,00,00,000/- with the green shoe option up to 2500 Secured,Senior,Rated,Listed,Redeemable,Transferable, Non-convertible Debentures having face value of Rs. 1,00,000/- each, aggregating up to Rs. 25,00,00,000/-31-12-2020