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.
