Satin Creditcare Network jumps on getting nod to raise Rs 14.17 crore via NCDs
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Satin Creditcare Network is currently trading at Rs. 222.90, up by 4.55 points or 2.08% from its previous closing of Rs. 218.35 on the BSE.
The scrip opened at Rs. 217.90 and has touched a high and low of Rs. 230.70 and Rs. 217.55 respectively. So far 81257 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 230.70 on 03-Aug-2023 and a 52 week low of Rs. 102.45 on 10-Aug-2022.
Last one week high and low of the scrip stood at Rs. 230.70 and Rs. 194.45 respectively. The current market cap of the company is Rs. 2206.40 crore.
The promoters holding in the company stood at 41.70%, while Institutions and Non-Institutions held 11.91% and 46.39% respectively.
Satin Creditcare Network has received approval for the issuance of 1,417 Unlisted, Rated, Secured, Redeemable, Non-Convertible Debentures (NCDs) denominated in INR, having a face value of Rs 1,00,000 each and an aggregate face value of Rs 14.17 crore on a private placement basis. The Working Committee of the Board of Directors of the company, in its meeting held on August 3, 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.
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