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Satin Creditcare Network surges on planning to raise Rs 175 crore through NCDs

23 Sep 2020 Evaluate

Satin Creditcare Network is currently trading at Rs. 56.85, up by 1.20 points or 2.16% from its previous closing of Rs. 55.65 on the BSE.

The scrip opened at Rs. 56.10 and has touched a high and low of Rs. 57.35 and Rs. 56.10 respectively. So far 1428981 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 297.44 on 27-Sep-2019 and a 52 week low of Rs. 43.06 on 20-May-2020.

Last one week high and low of the scrip stood at Rs. 64.55 and Rs. 53.80 respectively. The current market cap of the company is Rs. 408.00 crore.

The promoters holding in the company stood at 30.19%, while Institutions and Non-Institutions held 28.88% and 40.93% respectively.

Satin Creditcare Network is planning to raise up to Rs 175 crore through issuance of Non-Convertible Debentures on Private Placement.  A meeting of the Board of Directors of the company is scheduled to be held on September 25, 2020.

Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.

 

Satin Creditcare Share Price

172.25 2.40 (1.41%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 470.80
REC 383.35
Indian Railway Fin. 103.62
NHIT 151.00
Satin Creditcare 172.25
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