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Satin Creditcare Network raises Rs 25 crore through NCDs

01 Aug 2020 Evaluate

Satin Creditcare Network has raised Rs 25 crore through allotment of 250 Non-Convertible Debentures (NCDs) having face value of Rs 10 lakh each for cash. Date of maturity of the said NCDs will be July 31, 2023. The Working Committee of the company vide their resolution dated July 31, 2020 has allotted 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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