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Satin Creditcare Network shines on raising Rs 30 crore through NCDs

31 Mar 2022 Evaluate

Satin Creditcare Network is currently trading at Rs. 102.15, up by 2.45 points or 2.46% from its previous closing of Rs. 99.70 on the BSE.

The scrip opened at Rs. 100.10 and has touched a high and low of Rs. 102.95 and Rs. 100.00 respectively. So far 5086 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.00 on 15-Dec-2021 and a 52 week low of Rs. 66.70 on 29-Nov-2021.

Last one week high and low of the scrip stood at Rs. 102.95 and Rs. 91.10 respectively. The current market cap of the company is Rs. 769.69 crore.

The promoters holding in the company stood at 38.26%, while Institutions and Non-Institutions held 17.05% and 44.70% respectively.

Satin Creditcare Network has raised Rs 30 crore through Secured, Rated, Listed, Redeemable, Transferable, Non-Convertible Debentures (NCDs) and allotted 300NCDs having face value of Rs 10 lakh each. The Working Committee of Satin Creditcare Network in its meeting held on March 30, 2022 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. 346.00
REC 311.40
NHIT 171.00
Satin Creditcare Net 219.70
IFCI 76.57
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