Shares of Suryoday Small Finance Bank Ltd jumped 4.19% to Rs 104.51 in Monday’s trade after the company completed the sale of a stressed loan portfolio to Edelweiss Asset Reconstruction Company. As per the filing dated March 29, 2025, the sale involves a loan book with a principal outstanding value of Rs 80.59 crore as of February 28, 2025. The bank sold the portfolio for a consideration of Rs 31.43 crore, comprising Rs 6.29 crore in cash and Rs 25.14 crore in the form of security receipts.
This move is expected to improve the asset quality of the lender by offloading non-performing financial assets. Suryoday Small Finance Bank stated that the sale aligns with regulatory compliance under the SEBI Listing Regulations. The transaction also highlights the bank’s focus on cleaning up its balance sheet and optimizing capital deployment.
At the last traded price of Rs 104.51, the bank’s market capitalization stood at Rs 11,110 crore. The stock has moved in a range of Rs 101 to Rs 104.90 so far during the session, compared to a previous close of Rs 100.31.
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