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% per annum, payable semi-annually, over a seven-year tenure.

The debentures are proposed for listing on BSE Limited and will be redeemed in two installments.

This move aims to raise capital for the company's operations and growth.