Spandana Sphoorty Financial gets nod to transfer stressed loan portfolio

Spandana Sphoorty Financial Ltd. | Finance - NBFC | BFSI | BSE: 542759 | NSE: SPANDANA

29 Dec 2022 Evaluate

Spandana Sphoorty Financial has received approval to transfer stressed loan portfolio including written off loans of Rs 323.08 crore outstanding as on September 30, 2022 to an Asset Reconstruction Company pursuant to Swiss Challenge Method for a consideration of Rs 95 crore. Management Committee of the Board of Directors of the Company at its meeting held on December 28, 2022 has approved the same.

Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.

Peers

Company Name	CMP
Bajaj Finance	995.00
Shriram Finance	999.00
Aditya Birla Capital	390.00
Tata Capital	339.15
Chola Invest & Fin.	1660.10
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.