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Satin Creditcare Network raises Rs 100 crore through NCDs

25 Aug 2020 Evaluate

Satin Creditcare Network has raised Rs 100 crore through allotment of 1000 Non-Convertible Debentures (NCDs) having face value of Rs 10 lakh each for cash. Date of maturity of the said NCDs will be February 24, 2022. The Working Committee of the company vide their resolution dated August 24, 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. 328.00
REC 300.00
NHIT 168.00
Satin Creditcare Net 223.65
IFCI 67.34
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