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Satin Creditcare Network gets nod to raise Rs 14.17 crore via NCDs

03 Aug 2023 Evaluate

Satin Creditcare Network has received approval for the issuance of 1,417 Unlisted, Rated, Secured, Redeemable, Non-Convertible Debentures (NCDs) denominated in INR, having a face value of Rs 1,00,000 each and an aggregate face value of Rs 14.17 crore on a private placement basis. The Working Committee of the Board of Directors of the company, in its meeting held on August 3, 2023, has 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.


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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