Satin Creditcare Network is locked at upper circuit limit of Rs. 90.20, up by 4.25 points or 4.94% from its previous closing of Rs. 85.95 on the BSE.
The scrip opened at Rs. 90.20 and has touched a high and low of Rs. 90.20 and Rs. 90.20 respectively. So far 1599 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 317.65 on 27-Sep-2019 and a 52 week low of Rs. 46.00 on 20-May-2020.
Last one week high and low of the scrip stood at Rs. 90.20 and Rs. 73.90 respectively. The current market cap of the company is Rs. 447.27 crore.
The promoters holding in the company stood at 30.19%, while Institutions and Non-Institutions held 33.97% and 35.85% respectively.
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.
