Satin Creditcare Network has raised Rs 20 crore through allotment of 2000 Senior, Secured, Unsubordinated, Rated, Listed, Taxable, Redeemable, Transferable, Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 each on a private placement basis. The Working Committee of the company in its meeting held on November 7, 2023 has allotted 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.