Satin Creditcare Network Limited

SATIN

INE836B01017

Consumer Lending

Market Closed - NSE India S.E. Other stock markets 07:43:49 2024-04-26 am EDT			5-day change	1st Jan Change
253.4 ^INR	-0.74%		+4.67%	+5.50%

Apr. 03	Satin Creditcare's Disbursements Jump 30% in Fiscal 2024; Shares Up 3%	MT
Mar. 28	Satin Creditcare Network Limited Approves Issuance of Non-Convertible Bonds Through Private Placement Basis	CI

Satin Creditcare Network Limited Approves Allotment of Senior, Secured, Rated, Listed, Taxable, Redeemable, Transferable, Non-Convertible Debentures

July 28, 2023 at 10:03 am EDT

Satin Creditcare Network Limited at its board meeting held on July 28, 2023 considered and approved the allotment of 1,500 (one thousand five hundred) senior, secured, rated, listed, taxable, redeemable, transferable, non-convertible debentures denominated in Indian Rupees, having a face value of INR 1,00,000 (Indian Rupees One Lakh) each and an aggregate face value of INR 15,00,00,000 (Indian Rupees Fifteen Crore) on a private placement basis; and) the terms and conditions for issuance of 2,683 (two thousand six hundred eighty three) Unlisted, Rated, Secured, Redeemable, Non-Convertible Debentures denominated in INR, having a face value of INR 1,00,000 (Indian Rupees One Lakh) each and an aggregate face value of INR 26,83,00,000 (Indian Rupees Twenty Six Crore Eighty Three Lakh) on a private placement basis. Tenure of Instrument: 48 (forty-eight) months approximately, Date of Allotment: August 9, 2023 and Date of Maturity: August 9, 2027. Coupon/Interest Rate is 10.85% (ten decimal eight five percent) per annum payable quarterly ("Interest Rate").

Latest news about Satin Creditcare Network Limited

Satin Creditcare's Disbursements Jump 30% in Fiscal 2024; Shares Up 3%	Apr. 03	MT
Satin Creditcare Network Limited Approves Issuance of Non-Convertible Bonds Through Private Placement Basis	Mar. 28	CI
Certain Equity Shares of Satin Creditcare Network Limited are subject to a Lock-Up Agreement Ending on 18-MAR-2024.	Mar. 17	CI
Satin Creditcare Strengthens Information Security Commitment with Latest ISO 27001:2022 Certification Enhancement	Feb. 23	CI
Satin Creditcare Enters Telangana and Andhra Pradesh Markets	Feb. 20	MT
Satin Creditcare Forays into Telangana and Andhra Pradesh	Feb. 20	CI
Satin Creditcare Network Sees Sharp Increase in Fiscal Q3 Consolidated Net Profit	Feb. 05	MT
Transcript : Satin Creditcare Network Limited, Q3 2024 Earnings Call, Feb 02, 2024	Feb. 02
Satin Creditcare Network Limited Appoints Anil Kaul as an Additional Director (Non-Executive Independent)	Jan. 15	CI
Satin Creditcare Network to Raise Up INR2 Billion from Bond Sale	Jan. 15	MT
Karnataka Bank Signs Co-Lending Pact with Satin Creditcare	Jan. 08	MT
Karnataka Bank and Satin Creditcare Network Limited Enters into Co-Lending Agreement	Jan. 05	CI
Karnataka Bank, Satin Creditcare Network Tie Up for Co-Lending	Jan. 05	MT
Satin Creditcare Network Signs Co-Lending Pact with Karnataka Bank	Dec. 28	MT
ICRA Raises Rating on Satin Creditcare Network's Bank Financing to A; Outlook Stable	Dec. 27	MT
Satin Creditcare Network Raises INR2.5 Billion in Institutional Placement	Dec. 20	MT
Satin Creditcare Network Plans to Raise INR456.50 Million Via Debenture Issue	Nov. 30	MT
Satin Creditcare Network Board to Consider Raising Funds Via Bond Sale	Nov. 15	MT
Satin Creditcare Gets Board Nod to Raise INR200 Million Via Debenture Issue	Nov. 01	MT
Satin Creditcare's Consolidated Net Proft Surges in Fiscal Q2	23-10-30	MT
Transcript : Satin Creditcare Network Limited, Q2 2024 Earnings Call, Oct 27, 2023	23-10-27
Satin Creditcare Network Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	23-10-27	CI
Satin Creditcare Network Gets Board Nod to Raise Up to INR30 Billio Via Equity Offering	23-10-19	MT
Satin Creditcare Network Limited Announces Issuance of Non-Convertible Debentures	23-10-06	CI
Satin Creditcare Network Limited(BSE:539404) added to S&P Global BMI Index	23-09-18	CI

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Company Profile

Satin Creditcare Network Limited is a non-deposit accepting non-banking financial company. The Company is engaged primarily in providing micro-finance services to women in the rural areas of India who are enrolled as members and organized as joint liability groups (JLG). It offers a diversified portfolio of financial products and services to the financially disadvantaged through its operations across India. Its microfinance services include income generation loan (IGL) and water, sanitation and hygiene loan (WASH). Its micro, small and medium enterprises (MSME) loans are focused on lending to merchants, retailers, service providers, salaried and self-employed professionals, and lending to corporate institutions. It is engaged in financing third party products, such as solar lamps, bicycles, consumer durables, including home appliances, mobile phones, and others. The Company, through its subsidiary, Taraashna Financial Services Limited, is engaged in the business correspondent activity.

Sector

Consumer Lending

Calendar

2024-04-29 - Q4 2024 Earnings Release

More about the company

Sector Microfinancing

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Microfinancing