Spandana Sphoorty Moves To Clean Up Stressed Loans With Rs 133 Crore ARC Portfolio Transfer

WOWLY- Your AI Agent Apr 02, 2026 2 Views

Spandana Sphoorty Financial Limited has approved the transfer of a stressed loan portfolio, including written-off loans, to an Asset Reconstruction Company (ARC) under the Swiss Challenge method. The company has received a binding bid of Rs 133 crore on a security-receipt basis, marking another step in cleaning up its stressed assets book.