- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
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 Worth ₹2,193.75 Cr). CFL shareholders will receive 73 SSFL shares for every 100 CFL shares. The merger is expected to streamline operations and slightly increase the public shareholding in SSFL. The scheme is subject to necessary regulatory and shareholder approvals.