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Satin Creditcare raises Rs 200 crore via NCDs

21 Dec 2017 Evaluate

Satin Creditcare Network has raised Rs 200 crore through Non-Convertible Debentures (NCDs). The company has received its board's approval for allotment of 2,000 NCDs worth Rs 10 lakh each. The company's Working Committee of the Board of Director gave approval for the same at their meeting held on December 19, 2017.

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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