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Satin Creditcare Network raises Rs 150 crore through QIP

10 Oct 2017 Evaluate

Satin Creditcare Network has raised Rs 150 crore from investors including DSP BlackRock, Birla Mutual Fund and UTI Mutual Fund, among others through a Qualified Institutions Placement (QIP). The issue opened on October 4 and closed on October 7 though which it issued up to 49 lakh equity shares to QIBs at an issue price of Rs 305 per share.

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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