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Spandana Sphoorty raises $270 million

Spandana Sphoorty raises $270 million

Wednesday, April 5, 2017, 12:30 PM

Microfinance lender Spandana Sphoorty Financial Ltd has raised $270 million of funding, which will facilitate its exit from the corporate debt restructuring cell after seven years. Around $100 million will come in the form of equity capital from Kedaara-led consortium and the rest in the form of debt capital from IndusInd Bank, Yes Bank and ICICI Bank.
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