Satin Creditcare Network Limited
Satin Network Limited (SCNL) is a leading microfinance institution (MFI) with presence in 23 states & union territory and 95,000 villages. The company offers a bouquet of financial products in the Non‚ÄêMFI segment (comprising loans to MSMEs), a housing finance subsidiary, and business correspondent services and similar services to other financial Institutions through Taraashna Financial Services Limited (TFSL), a…
What Satin files
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- Updates38
- Investor Meet31
- Important19
- Board Meeting17
- PPTs10
Satin Creditcare Network's Working Committee has approved the allotment of 38.50 lakh Fully Convertible Warrants. These warrants, issued at INR 260 each for a total of INR 100.10 Crore, are allotted on a preferential basis to Trishashna Holdings & Investments, part of the Promoter & Promoter Group. This move infuses...
Satin Creditcare Network's Board Working Committee has approved the issuance of up to 8,446 unsecured, subordinated, non-convertible debentures (NCDs) via a private placement. Each NCD will have a face value of ₹1 Lakh, totaling an aggregate nominal value of ₹84.46 Cr. These NCDs will carry an interest rate of 12.80%...
Satin Creditcare Network's Working Committee has approved terms for issuing up to 2,000 secured, rated, USD-denominated bonds through a private placement. These bonds, each with a face value of USD 10,000, aggregate up to USD 20,000,000. They are proposed to be listed on NSE IFSC and/or India INX. Maturing in...
Satin Creditcare Network's Working Committee approved issuing 5,000 subordinated, unsecured, non-convertible debentures via private placement. Each debenture has a face value of ₹1 Lakh, aggregating up to ₹50 Crore, which includes a ₹25 Crore green shoe option. These debentures will offer a 12% annual interest rate, payable monthly, and have...
Satin Creditcare Network has deferred its fund-raising proposal, which involved issuing listed, secured/unsecured, non-convertible debentures on a private placement basis. This decision was made because committee members requested further information, leading to the proposal being put on hold until further notice. For investors, this means the company's plans to raise...