ALPHA TRIBE

Satin Creditcare Network LimitedImportant, 05-01-2026: Committee Meeting Updates

05-01-2026 | 05:47 pm

Satin Creditcare Network's Working Committee has approved the issuance of senior, secured Non-Convertible Debentures (NCDs) for an aggregate value of INR 100 Crore, with an additional green shoe option of INR 50 Crore, totaling up to INR 150 Crore. These NCDs, issued via private placement, will have a face value of INR 10,000 each and offer a 10.15% annual interest rate, payable monthly, over a 30-month period. They are proposed to be listed on BSE Limited and are secured by the company's loan receivables. This issuance aims to bolster the company's funding for its operations.

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