Spandana Sphoorty Financial Limited announced that the Management Committee of the Board of Directors of the Company at its meeting held on September 07, 2022 has considered and approved the issuance of 400 Secured, Senior, Redeemable, Transferable, Listed, Principal Protected, Market Linked, Rated, Non-Convertible Debentures of face value of INR 1,000,000 each, aggregating up to INR 400,000,000 on a private placement basis with a green shoe option up to INR 200,000,000 in the form of Secured, Senior, Redeemable, Transferable, Listed, Principal Protected, Market Linked, Rated, Non-Convertible Debentures of face value of INR 1,000,000 each on private placement basis.