Satin Creditcare Network is planning to raise funds by way of issuance of non-convertible debentures (NCDs) within the borrowing limits as approved by the shareholders of the Company under section 180(1)(c) of the Companies Act, 2013, in one or more series/ tranches. The meeting of the Board of Directors of the Company is scheduled on January 15, 2024, inter alia, to consider and approve 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.