Satin Creditcare Network has received an approval for the proposal for raising of funds by way of issuance of Non-Convertible Debentures (NCDs) upto Rs 5,000 crore on private placement basis, in one or more tranches, within a period of 1 year from the date of shareholders’ approval, to any category of investors eligible to invest in the NCDs, subject to approval of Shareholders in the ensuing Annual General Meeting (AGM). The Board of Directors of the company in their meeting held on July 11, 2022 have approved the same.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India.
