Satin Creditcare Network gains on raising Rs 50 crore through NCDs
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Satin Creditcare Network is currently trading at Rs. 273.05, up by 1.20 points or 0.44% from its previous closing of Rs. 271.85 on the BSE.
The scrip opened at Rs. 273.45 and has touched a high and low of Rs. 273.90 and Rs. 271.25 respectively. So far 1315 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 283.65 on 11-Jan-2024 and a 52 week low of Rs. 116.25 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 283.65 and Rs. 255.70 respectively. The current market cap of the company is Rs. 3003.15 crore.
The promoters holding in the company stood at 36.06%, while Institutions and Non-Institutions held 17.85% and 46.09% respectively.
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.
