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Slice merger with NESFB comes with a cost: Legacy NPAs worth Rs 192 crore

Naina Sood   •

The merger could unlock cost-saving opportunities through streamlined operations and improved capital allocation. If managed well, these efficiencies could drive profitability in the long run, according to analysts. But can Slice surmount the legacy NPA challenge after the merger with NESFB?

The combined entity is projected to incur a loss of Rs 330 crore for FY24, with an estimated Rs 62 crore expected in the first quarter of FY25, per Crisil analysis.  

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