Satin Creditcare Network is currently trading at Rs. 245.50, up by 2.75 points or 1.13% from its previous closing of Rs. 242.75 on the BSE.
The scrip opened at Rs. 240.25 and has touched a high and low of Rs. 246.00 and Rs. 210.10 respectively. So far 2888 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. 183.00 on 16-Nov-2018.
Last one week high and low of the scrip stood at Rs. 266.20 and Rs. 210.10 respectively. The current market cap of the company is Rs. 1193.25 crore.
The promoters holding in the company stood at 26.73%, while Institutions and Non-Institutions held 35.08% and 38.19% respectively.
Satin Creditcare Network has assigned three pools of receivables of an aggregate value of Rs 755 crore to banks on a Direct Assignment basis as per the guidelines prescribed by the Reserve Bank of India.
With these transactions, the company has completed Direct Assignment transactions worth Rs 975 crore in FY 19. The fund raised will be used for further growth in Asset under Management (AUM) of the company.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.
