Spandana Sphoorty raises $270 million1 min read . Updated: 05 Apr 2017, 12:22 AM IST
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
Microfinance lender Spandana Sphoorty Financial Ltd has raised $270 million of funding, which will facilitate its exit from the corporate debt restructuring cell (CDR) after seven years, it said in a statement on 31 March.
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