Satin Creditcare Network zooms on planning to raise funds
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Satin Creditcare Network is currently trading at Rs. 267.00, up by 6.35 points or 2.44% from its previous closing of Rs. 260.65 on the BSE.
The scrip opened at Rs. 263.00 and has touched a high and low of Rs. 274.20 and Rs. 263.00 respectively. So far 26752 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.20 on 16-Nov-2023 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. 274.20 and Rs. 257.25 respectively. The current market cap of the company is Rs. 2657.25 crore.
The promoters holding in the company stood at 39.98%, while Institutions and Non-Institutions held 10.89% and 49.14% respectively.
Satin Creditcare Network is planning to raise funds by way of issuance of listed/unlisted, secured/unsecured, non-convertible debentures (NCDs) on private placement basis. The meeting of Working Committee of the Board of Directors of the Company is scheduled on November 20, 2023, 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.
