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 Board Approves ₹100.10 Crore Fund Raise via Promoter Warrants
Satin Creditcare's board has approved a preferential allotment of warrants totaling ₹100.10 crore to its promoter group entity, Trishashna Holdings & Investments Private Limited. This capital infusion is intended to bolster the microfinance lender's capital base and support its long-term growth objectives.
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.