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Satin Creditcare Network inches up on planning to raise Rs 30 crore via NCDs

Satin Creditcare Network is currently trading at Rs. 212.50, up by 1.10 points or 0.52% from its previous closing of Rs. 211.40 on the BSE.

The scrip opened at Rs. 214.50 and has touched a high and low of Rs. 214.50 and Rs. 212.50 respectively.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 398.00 on 04-Apr-2019 and a 52 week low of Rs. 191.90 on 21-Nov-2018.

Last one week high and low of the scrip stood at Rs. 227.10 and Rs. 210.00 respectively. The current market cap of the company is Rs. 1105.81 crore.

The promoters holding in the company stood at 29.70%, while Institutions and Non-Institutions held 39.69% and 30.61% respectively.

Satin Creditcare Network is planning for the issuance of Non-Convertible Debentures (NCDs) up to the amount of Rs 30 crore through Private Placement. The meeting of Working Committee of the Board of Directors of the company is scheduled to be held on November 22, 2019, to consider 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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