Brief: Spandana Sphoorty Financial To Transfer Stressed Loan Portfolio To Asset Reconstruction Company

Spandana Sphoorty Financial

23/12/2022 06:11

Dec 23 (Reuters) - Spandana Sphoorty Financial Ltd  SPAD.NS :
    * SPANDANA SPHOORTY FINANCIAL LTD - TRANSFER OF STRESSED LOAN PORTFOLIO
INCLUDING
WRITTEN OFF LOANS TO ASSET RECONSTRUCTION COMPANY
    * SPANDANA SPHOORTY FINANCIAL LTD - CO HAS RECEIVED A BINDING BID FROM AN
ARC,
AMOUNTING TO 950 MILLION RUPEES
    * SPANDANA SPHOORTY FINANCIAL LTD - CO SHALL FOLLOW SWISS CHALLENGE METHOD
FOR
BIDDING
    * SPANDANA SPHOORTY FINANCIAL LTD -  ARC BID FOR WRITTEN-OFF PORTFOLIO WITH
OUTSTANDING OF 3.23 BILLION RUPEES AS ON SEPT 30

Source text for Eikon:  ID:nBSE1zMryt 
Further company coverage:  SPAD.NS 
 ((Reuters.Briefs@thomsonreuters.com;))