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Satin Creditcare Network gets nod to raise Rs 25 crore through NCDs

06 Jan 2023 Evaluate

Satin Creditcare Network has received approval from Board of Directors of the Company for issuance of 2500 secured, rated, listed, redeemable, transferable, non-convertible debentures (NCDs) of face value of Rs 1 lakh each, with an aggregate value of Rs 25 crore on private placement basis. Working Committee of the Board of Directors of the Company, in its meeting held on January 6, 2023, 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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