News & Updates

09
Jan 2018

IFMR Capital facilitates 400-crore NCD for Spandana Sphoorty “IFMR Capital has executed the placement of a 400-crore NCD transaction for Spandana Sphoorty, a Hyderabad-based micro-finance institution.".- Source:The Hindu Businessline

05
Jan 2018

Spandana Sphoorty in talks with i-banks for an IPO in 2018 “The proposed Spandana Sphoorty IPO could see the Kedaara Capital-backed microfinance company raise as much as Rs1,000 crore".- Source:Live Mint

03
Jan 2018

Hyderabad MFI raises Rs 400 cr from IndusInd Bank and BoB, eyes IPO “Spandana has also drawn up plans to go public and is in the process of appointing merchant bankers".- Source: Financial Express

02
Jan 2018

India: Spandana Sphoorty gets $63m financing from Bank of Baroda, IndusInd Bank “Hyderabad-based microfinance institution Spandana Sphoorty Financial Ltd, has raised Rs 400 crore ($63 million) from IndusInd Bank and Bank of Baroda through the issue of Pass Through Certificates.".- Source: Deal Street Asia

20
Dec 2017

Microlender Spandana gets $19.5 mn from Kedaara, Ontario Teachers’ Pension Plan “Microfinance institution Spandana Sphoorty Financial Ltd has raised Rs 125 crore ($19.5 million) from existing investors private equity firm Kedaara Capital and Canadian pension fund Ontario Teachers’ Pension Plan".- Source: vccircle

18
Dec 2017

India: Spandana raises $19.5m equity funding from Kedaara Capital, OTPP “Spandana Sphoorty Financial Ltd, which has been on a fundraising spree, has raised another Rs 125 crore ($19.5 million) in equity from existing investors Kedaara Capital and Ontario Teachers’ Pension Plan (OTPP).".- Source: Deal Street Asia

13
Nov 2017

Micro lender Spandana Sphoorty raises Rs 100 crore from Bandhan Bank in securitisation deal “The Hyderabad-based micro-finance lending company Spandana Sphoorty Financial has successfully completed its fourth securitisation deal ".- Source: Economic Times

13
Nov 2017

India: Spandana Sphoorty scores more financing, raises $15m from Bandhan Bank “After closing mega financing deals earlier this year, micro-finance institution Spandana Sphoorty Financial Ltd today said it has completed its fourth securitisation deal with Kolkata-based Bandhan Bank.".- Source: Deal Street Asia

08
Nov 2017

Kedaara-backed Spandana Sphoorty raises Rs400 crore in debt “Kedaara Capital’s investment is a first by a mutual fund in microfinance firm Spandana Sphoorty since it exited corporate debt restructuring".- Source: Live Mint

06
Nov 2017

Birla Mutual Fund invests Rs 400 crore in micro-finance company Spandana Sphoorty “The funding will be utilised by the microfinance company to increase its lending portfolio in the 586 branches operated by the company across the country".- Source: Economic Times

18
Aug 2017

From brink of bankruptcy to Rs 1,850 crore portfolio:.. “Amazing story of Spandana Sphoorty Financial".- Source: Economic Times