Equitas Small Finance Bank Board Approves Capital Raise of ₹1,750 Crore via QIP and NCDs
The board of Equitas Small Finance Bank has cleared a dual-track capital infusion plan comprising a ₹1,250 crore Qualified Institutions Placement and ₹500 crore in non-convertible debt securities. This strategic move aims to strengthen the bank's capital adequacy ratio while supporting its long-term growth objectives and leadership transitions.
Satin Creditcare Network Board Approves Raising ₹5,000 Crore via NCD Issuance
Satin Creditcare Network's board has approved a major capital raising proposal of up to ₹5,000 Crore through Non-Convertible Debentures (NCDs). The funds will be raised on a private placement basis within one year, pending approval from shareholders at the upcoming Annual General Meeting.
Satin Creditcare Network Ltd Raises ₹200 Crore Tier II Capital for Growth
Satin Creditcare Network Limited has successfully raised ₹200 crore through subordinated Tier II capital with a seven-year maturity period. This capital infusion is designed to reinforce the company's capital adequacy and provide a strategic buffer to support high-impact lending segments and subsidiary growth.