Spandana Sphoorty Financial Limited — JV/Acquisition, 15-07-2026: Amalgamation/Merger

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 strategic move streamlines SSFL's corporate structure, enhancing operational efficiency.