Friday, December 26
Shares of Spandana Sphoorty Financial fell nearly 3% in Friday’s sessiontrading around Rs 262after the company disclosed a development related to the proposed sale of a stressed loan portfolio to an Asset Reconstruction Company (ARC).
In an exchange filing, Spandana Sphoorty Financial said its Management Committee of the Boardat a meeting held on Wednesday, December 24, 2025approved the transfer of a stressed loan portfolio, including written-off loansto an ARC. The company has received a binding bid of Rs 34.55 crore on a Security Receipt consideration basis for a portfolio with an outstanding balance of Rs 493.55 crore as of October 31, 2025.
The company clarified that the proposed transaction will be carried out using the Swiss Challenge Methodand the final decision on the sale will be taken in accordance with the applicable regulatory guidelines and the company’s internal policy governing such transactions.
Market participants appear to be reacting to the significant gap between the portfolio’s outstanding value and the bid amountwhich implies a steep haircut on stressed assets. The disclosure has led to near-term pressure on the stock, despite the move being part of balance sheet clean-up efforts.
Spandana Sphoorty Financial’s shares were down around 2.98% during the session, reflecting investor caution following the announcement.
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