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Satin Creditcare Network Ltd ( (IN:SATIN) ) has provided an announcement.
Satin Creditcare Network Limited’s Working Committee of the Board has approved the issuance of both subordinated and senior secured non-convertible debentures (NCDs) on a private placement basis, aggregating up to ₹50 crore in base subordinated NCDs with a ₹25 crore green shoe option, and ₹125 crore in base senior secured NCDs with a ₹50 crore green shoe option, all denominated in Indian rupees. The move underscores the company’s continued reliance on debt capital markets to strengthen its funding base, support lending operations, and potentially enhance capital structure flexibility, with detailed disclosures aligned to SEBI’s latest listing and material event disclosure requirements, signaling adherence to evolving regulatory norms for listed entities.
More about Satin Creditcare Network Ltd
Satin Creditcare Network Limited is an Indian non-banking financial company (NBFC) focused on providing credit services, primarily through microfinance and related lending products, to underserved and financially excluded segments across India. The company operates in the financial services industry with a strong presence in rural and semi-urban markets, leveraging capital market borrowings such as non-convertible debentures to fund its loan portfolio and growth initiatives.
Average Trading Volume: 6,556
Technical Sentiment Signal: Sell
Current Market Cap: 16.62B INR
See more data about SATIN stock on TipRanks’ Stock Analysis page.