Allotment of 2,500 Non Convertible Debentures having face value of INR 1,00,000 each aggregate nominal value of INR 25,00,00,000
SATIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Satin Creditcare Network Limited has allotted 2,500 subordinated, unsecured, rated, listed, taxable, redeemable, transferable non-convertible debentures (NCDs) with a face value of INR 1,00,000 each, taking the total issue size to INR 25 crore. The allotment was approved by the Working Committee of the Board on March 30, 2026, and follows the company's earlier intimation dated March 20, 2026. The NCDs were issued via private placement, with Catalyst Trusteeship Limited acting as the debenture trustee under a trust deed executed on March 25, 2026. This is a debt-raising exercise by the microfinance company to bolster its capital base.
The INR 25 crore NCD issuance will strengthen the company's capital structure and lending capacity, which is positive for business growth. Since these are subordinated debt instruments (not equity), there is no immediate dilution for existing shareholders, though it adds to the company's overall debt obligations and interest expenses.