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Satin Creditcare Network raises Rs 50 crore through NCDs

17 Sep 2020 Evaluate

Satin Creditcare Network has raised Rs 50 crore through allotment of 500 Non-Convertible Debentures (NCDs) having face value of Rs 10 lakh each for cash. Date of maturity of the said NCDs will be March 15, 2022. The Working Committee of the company vide their resolution dated September 15, 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. 350.05
REC 315.00
NHIT 171.00
Satin Creditcare Net 216.95
IFCI 82.16
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