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Satin Creditcare Network raises Rs 25 crore through NCDs

29 Jul 2020 Evaluate

Satin Creditcare Network has raised Rs 25 crore through Non-Convertible Debentures (NCDs) and allotted 11.00% p.a., 250 NCD’s having face value of Rs 10,00,000 each for cash. Date of maturity of the said NCD’s will be July 28, 2023.

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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