Spandana gets a binding offer of Rs 95 cr from ARC | Jobs Vox

Business standard

For the transfer of the stressed credit portfolio of 323.08 kr

Spandana Sphoorti Financial has received a binding offer from an asset reconstruction company (ARC) of Rs 95 crore, against a security receipt, for the written-off portfolio with Rs 323.08 crore remaining as on 30 September 2022.

The Company will adhere to the Swiss Challenge Bidding Method and the decision to sell will be made in accordance with the existing guidelines governing the Swiss Challenge Method and the Company’s relevant policies.

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(This story was not edited by Business Standard staff and is automatically generated from a syndicated feed.)

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First Published: Fri 23 Dec 2022 14:25 IST



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