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Satin Creditcare Network raises Rs 20 crore through NCDs

23 Jun 2023 Evaluate

Satin Creditcare Network has raised Rs 20 crore through allotment of 2,000 NCDs of face value of Rs 1,00,000 each. The Working Committee of Satin Creditcare Network in its meeting held on June 22, 2023 has allotted the same. Earlier, the company had raised Rs 30 crore through Commercial Paper (CP) on June 14, 2023.

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. 328.00
REC 300.00
NHIT 168.00
Satin Creditcare Net 223.65
IFCI 67.34
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