Satin Creditcare Network is currently trading at Rs. 337.50, up by 0.75 points or 0.22% from its previous closing of Rs. 336.75 on the BSE.
The scrip opened at Rs. 330.05 and has touched a high and low of Rs. 348.25 and Rs. 330.05 respectively. So far 1452 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 525.25 on 15-Jan-2018 and a 52 week low of Rs. 257.00 on 14-Aug-2017.
Last one week high and low of the scrip stood at Rs. 353.85 and Rs. 316.90 respectively. The current market cap of the company is Rs. 1637.79 crore.
The promoters holding in the company stood at 26.73%, while Institutions and Non-Institutions held 33.72% and 39.55% respectively.
Satin Creditcare Network and MV Mauritius (MV) have entered into a Share Purchase Agreement (SPA) on July 27, 2018. The purpose of entering into the SPA is to provide an exit to MV by purchasing all of the equity shares held by MV in Taraashna Services (TSL), a subsidiary of company, thereby making TSL a wholly owned subsidiary of the company. The size of agreement is Rs 3,31,64,790.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.
