Spandana Sphoorty Financial Approves ₹151 Crore Criss Financial Merger Scheme

Board approved the amalgamation of wholly owned subsidiary Criss Financial with Spandana, subject to NCLT, shareholder/creditor, RBI and other approvals. The no-consideration merger will consolidate secured loans against property, nano-enterprise loans and unsecured microfinance, targeting cost synergies, diversified lending, improved capital deployment and a simplified structure.