Satin Creditcare Network Limited — Important, 20-03-2026: Committee Meeting Updates
20-03-2026 | 01:05 pm
20-03-2026 | 01:05 pm
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 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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