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Satin Creditcare raises Rs 48.75 crore through NCDs

15 Dec 2020 Evaluate

Satin Creditcare Network has raised Rs 48.75 crore through Unlisted, Senior and Secured Non-Convertible Debentures (NCDs) and allotted 9,750 NCD’s having face value of Rs 50,000 each. Date of maturity of said NCDs will be May 6, 2024.

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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