Spandana Sphoorty Financial Limited announced that the management committee of the board of directors of the company at its meeting held on December 02, 2022 has inter-alia considered and approved the issuance of 500 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures having face value of INR 10,00,000 each aggregating upto INR 50,00,00,000 with a green shoe option of up-to 500 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures having face value of INR 1,000,000 each aggregating upto INR 1,000,000,000 on private placement basis.