Satin Creditcare Network has raised Rs 25 crore and allotted 250 Listed, Senior and Secured Non-Convertible Debentures (NCDs) having face value of Rs 10,00,000 each for cash at 10.40% per annum Coupon/interest rate. Date of maturity of the said NCDs is May 09, 2022. The Working Committee of the company vide their resolution dated November 09, 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.