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Satin Creditcare Network gets nod to raise Rs 120 crore through rights issue

23 Jun 2020 Evaluate

Satin Creditcare Network has received approval to raise fund by way of the rights issue of equity shares of Rs 10 each up to Rs 120 crore. The meeting of Board of directors of the company held on June 22, 2020 has considered and 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.

Peers
Company Name CMP
Power Finance Corpn. 346.00
REC 311.40
NHIT 171.00
Satin Creditcare Net 219.70
IFCI 76.57
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