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Satin Creditcare Network to raise Rs 65 crore on private placement basis

03 Oct 2017 Evaluate

Satin Creditcare Network has received an approval for the allotment of 650 Rated, Listed, Secured, Taxable, Transferable, Non-Convertible Debentures of Rs 10 lakh each, aggregating to Rs 65 crore, on private placement basis. The Working Committee of the Board of Directors in their meeting held on October 03, 2017 has considered and approved the same.

Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.

Peers
Company Name CMP
Power Finance Corpn. 346.00
REC 311.40
NHIT 171.00
Satin Creditcare Net 219.70
IFCI 76.57
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