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.