Satin Creditcare Network Limited — Important, 25-03-2025: Updates
25-03-2025 · 05:18 pm
The Working Committee of Satin Creditcare Network Limited has approved the sale of a stressed loan portfolio valued at ₹212.98 Cr, which includes both principal and accrued interest as of February 28, 2025. The portfolio will be sold to an Asset Reconstruction Company (ARC) for a consideration of ₹42.60 Cr, structured as Security Receipts. This move may help the company improve its balance sheet and focus on more profitable segments. Investors should watch closely for its potential impacts on the company’s financial health and liquidity moving forward.
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