Satin Creditcare Network has received approval to raise Rs 5000 crore by way of issuance of Non-Convertible Debentures (NCDs) 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 10, 2023 have, inter-alia, considered and approved the same.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.
