Spandana Sphoorty Financial Limited
Spandana Sphoorty Financial is primarily engaged in the business of micro finance providing small value unsecured loans to low-income customers in semi-urban and rural areas.
What Spandana files
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- Investor Meet38
- Credit Ratings22
- Updates17
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- Board Meeting14
Spandana Sphoorty (SSFL) has approved the merger of its wholly-owned subsidiary, Criss Financial Limited (CFL), into itself. This strategic move aims to simplify the group structure, reduce operational and compliance costs, and unlock revenue synergies. The combined entity will benefit from a diversified product mix of secured and unsecured loans,...
Spandana Sphoorty Financial (SSFL) is moving forward with its merger with Criss Financial (CFL). SSFL recently acquired all remaining shares of CFL, making it a wholly-owned subsidiary. This simplifies the merger process significantly. Management will now re-evaluate and modify the merger terms, presenting a fresh proposal for board approval. This...
Spandana Sphoorty (SSFL) has approved a merger with its subsidiary, Criss Financial Limited (CFL). This move aims for cost optimization, scale expansion, and product diversification by consolidating secured and unsecured lending under one entity. CFL (Revenue ₹150.86 Cr, Net Worth ₹233.11 Cr) will integrate into SSFL (Revenue ₹906.59 Cr, Net...