Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

Spandana Sphoorty shares rally on sale of Rs 323-crore stressed loan to ARC

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Spandana, a rural-focused non-banking financial company and a microfinance lender (NBFC-MFI) reported a consolidated net profit of Rs 55.15 crore in Q2 FY23 as against a net loss of Rs 57.94 crore in Q2 FY22. The firm's scrip is currently trading at Rs 548.95 on the BSE.

Spandana Sphoorty Financial, a rural-focused non-banking financial company and a microfinance lender (NBFC-MFI), reported a consolidated net profit of Rs 55.15 crore in Q2 FY23 as against a net loss of Rs 57.94 crore in Q2 FY22.

Shares of Spandana Sphoorty Financial rallied over 5 percent after the company approved the transfer of its stressed loan portfolio, including written-off loans, to an asset reconstruction company (ARC), amounting to Rs 95 crore. The written-off portfolio had an outstanding of Rs 323.08 crore as on September 30.

The microfinancier shall follow Swiss Challenge Method for the amount.

"The board has approved the transfer of 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," the firm said in a release.

The rural-focused non-banking financial company and a microfinance lender (NBFC-MFI) reported a consolidated net profit of Rs 55.15 crore in Q2 FY23 as against a net loss of Rs 57.94 crore in Q2 FY22.  The firm's scrip is currently trading at Rs 548.95 on the BSE.

Loading