Satin Creditcare Network’s board has approved issue / offer / invite for subscription and allotment of secured / unsecured / subordinated / senior rated / unrated, listed / unlisted, perpetual or nonperpetual, redeemable (including marked linked debentures), Non-Convertible Debentures (NCDs) by way of private placement, in one or more tranches, from time to time, to any category of investors eligible to invest in the NCDs, aggregating upto Rs 5,000 crore. The Board of Directors of the Company, at its meeting held on June 15, 2020, has approved the same.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.
