Satin Creditcare Network is currently trading at Rs. 486.00, up by 52.55 points or 12.12% from its previous closing of Rs. 433.45 on the BSE.
The scrip opened at Rs. 436.95 and has touched a high and low of Rs. 511.60 and Rs. 429.95 respectively. So far 35964 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 511.60 on 08-Jan-2018 and a 52 week low of Rs. 243.55 on 12-Jun-2017.
Last one week high and low of the scrip stood at Rs. 511.60 and Rs. 379.20 respectively. The current market cap of the company is Rs. 2180.36 crore.
The promoters holding in the company stood at 29.25%, while institutions and non-institutions held 31.29% and 39.46% respectively.
Satin Creditcare Network (SCNL) has partnered with Kora Management to take the next leap in Digital Financial Services. Kora Management LP (Kora) - a global emerging markets investment firm - has made an equity investment of Rs 800 million ($12.5 million) in SCNL to support the company’s growth and digital initiatives as a financial services provider to rural and semi-urban India. The investment by Kora is part of the recently concluded capital raise of Rs 2,050 million ($31.5 million) through a preferential allotment.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.
