Allotment of 8,446 Non-Convertible Debentures on Private Placement basis
SATIN · price
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Satin Creditcare Network Ltd has allotted 8,446 non-convertible debentures through private placement. Each debenture has a face value of INR 1,00,000, bringing the total aggregate value to INR 84.46 crores. The debentures are subordinated, unsecured, rated, listed, redeemable, and transferable instruments denominated in Indian Rupees. The allotment was approved by the Working Committee of the Board on May 26, 2026, following approvals outlined in the general information document dated August 14, 2025, and key information document dated May 21, 2026. Catalyst Trusteeship Limited acts as the debenture trustee.
This NCD issuance represents debt fundraising from institutional investors via private placement, which strengthens the company's capital base and liquidity. For retail shareholders, this indicates the company is actively raising funds through debt markets, though it does not dilute equity.