Allotment of 1,25,000 Non convertible Debenture having face value of INR 10,000 each and an aggregate face value of INR 125,00,00,000 at its meeting held on January 30, 2026
SATIN · price
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Satin Creditcare Network Limited has allotted 1,25,000 Non-Convertible Debentures (NCDs) with a face value of INR 10,000 each, aggregating to INR 125 crore. The allotment was approved at a meeting held on January 30, 2026. NCDs are debt instruments that cannot be converted into equity shares. The company has not disclosed the coupon rate, tenure, or the identity of investors in this headline. Satin Creditcare is a microfinance institution, and this fundraising is likely aimed at strengthening its capital base to support lending operations.
This is a debt-raising move that will boost the company's funds but also add to its repayment obligations. Shareholders may see this as a sign of business expansion, though the lack of disclosed terms (yield, investors) limits clarity on the cost of capital.