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Satin Creditcare raises Rs 150 crore through NCDs

01 Jan 2021 Evaluate

Satin Creditcare Network has raised Rs 150 crore and allotted Rated, Listed, Senior, Redeemable, Taxable Non-Convertible Debentures (NCDs) having face value of Rs 10,00,000 each on Private Placement Basis. NCDs will be redeemed on June 30, 2022.  The Working Committee of the company vide their resolution dated December 31, 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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