Spandana Sphoorty Financial has informed that pursuant to the approval of the Management Committee of the Board of Directors of the Company for the transfer of stressed loan portfolio including written off loans to Asset Reconstruction Company (ARC), the Company has received a binding bid from an ARC, amounting to Rs 95.00 Crore, on Security Receipt consideration basis, for the written-off portfolio with outstanding of Rs 323.08 Crore as on September 30, 2022.
The above information is a part of company’s filings submitted to BSE.
