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Satin Creditcare Network raises Rs 50 crore through NCDs

13 Jan 2024 Evaluate

Satin Creditcare Network has raised Rs 50 crore through the allotment of 5,000 Senior, Secured, Rated, Listed, Taxable, Redeemable, Transferable, Non-Convertible Debentures (NCDs) of face value of Rs 1 lakh each. The Working Committee of the Company in its meeting held on January 12, 2024 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.


Peers
Company Name CMP
Power Finance Corpn. 314.00
REC 285.00
NHIT 168.00
Satin Creditcare Net 238.80
IFCI 54.65
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