Spandana Sphoorty to transfer stressed loan portfolio worth 493.55 Cr to ARC
SPANDANA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 2.1 pts more than its Finance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Spandana Sphoorty's board has approved transferring its stressed loan portfolio, including written off loans, to an Asset Reconstruction Company. A binding bid of 34.55 Crore was received against an outstanding loan balance of 493.55 Crore as of October 31, 2025, implying a recovery of around 7 percent. The sale will be conducted via the Swiss Challenge Method. The decision was taken at the Management Committee meeting on December 24, 2025.
Cleaning up the balance sheet and easing provisioning, but a 7 percent recovery signals significant asset quality stress and a steep haircut for the company.