ImportantCommittee Meeting Updates
Satin Creditcare Network's Working Committee approved issuing 5,000 subordinated, unsecured, non-convertible debentures via private placement.
Satin Creditcare Network LimitedSATIN · Filed with the exchange
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 a 66-month tenure, maturing in September 2031. This move aims to strengthen the company's financial resources and support its ongoing business operations.
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