The Management Committee of the Board of Directors of Spandana Sphoorty Financial Limited vide its resolution dated September 23, 2024, approved the sale of stressed loan portfolio including written off loans pool with outstanding value of ₹ 304.41 crore as on June 30, 2024 to an Asset Reconstruction Company ('ARC') pursuant to Open Bid Method, for a consideration amounting to Rs. 16.74 crore, on Security Receipts consideration basis. The ARC has subscribed to 91.50% of Security Receipts amounting to Rs. 15.32 crore whereas the Company has subscribed to 8.50% of Security Receipts amounting to Rs. 1.42 crore.
Shares of Spandana Sphoorty Financial Limited was last trading in BSE at Rs. 592.35 as compared to the previous close of Rs. 603.55. The total number of shares traded during the day was 47205 in over 3459 trades.
The stock hit an intraday high of Rs. 607.00 and intraday low of 588.10. The net turnover during the day was Rs. 28114192.00. |
