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Satin Creditcare Network gets nod to raise Rs 45.65 crore via NCDs

30 Nov 2023 Evaluate

Satin Creditcare Network has received approval for issuance of 45,650 rated, unlisted, secured, senior, redeemable, taxable, transferable, non-convertible debentures (NCDs) denominated in Indian Rupees, having a face value of Rs 10,000 each and an aggregate face value of Rs 45.65 crore on a private placement basis. The working committee of the Board of Directors of the company, in its meeting held on November 30, 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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