Saturday, June 07, 2025 | 09:59 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Spandana Sphoorty to raise Rs 4,000 cr in bonds in FY23, eyes to double AUM

MFI will focus on seven states for incremental AUM of Rs 6,000-7,000 crore

Spandana Sphoorty names Bharat Financial Inclusion's Shalabh Saxena MD-CEO
premium

Spandana Sphoorty Financial Ltd (SSFL).

Abhijit Lele Mumbai
Private equity firm Kedaara Capital-backed microfinance institution Spandana Sphoorty Financial Ltd (SSFL) plans to raise about Rs 4,000 crore through bonds in FY23 to support business growth. It has set a target to grow assets under management (AUM) to Rs 15,000 crore by FY25 from Rs 6,581 crore in March 2022.

It resumed business (disbursements) in Q4FY22 after facing disruptions in Q3FY22 due to the abrupt resignation by erstwhile managing director Padmaja Reddy.

The board has approved a proposal to raise an amount of not exceeding Rs 4,000 crore through non-convertible debentures (NCDs). They could be issued in one or