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.