Satin Creditcare Network has raised Rs 25 crore on private placement basis. The Working Committee of company has allotted 250 Non-Convertible Debentures (NCDs) of Rs 10 lakh each aggregating to Rs 25 crore. Date of maturity of the said NCD’s will be June 30, 2023. The Board of Directors of the company at its meeting held on June 30, 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.
