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Satin Creditcare Network gets nod to raise Rs 65 crore through NCDs

02 Dec 2022 Evaluate

Satin Creditcare Network has received approval to raise Rs 65 crore through issuance of 650 secured, rated, listed, redeemable, transferable, non-convertible debentures (NCDs) of face value of Rs 10,00,000 each on private placement basis. Working Committee of the Board of Directors of the Company, in its meeting held on December 1, 2022, has considered and approved the same.

Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India.

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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