Allotment of 8446 Non Convertible Debentures On private Placement basis
SATIN · price
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Satin Creditcare Network Limited has allotted 8,446 non-convertible debentures through private placement. Each debenture has a face value of INR 1,00,000, totaling an aggregate nominal value of INR 84.46 crores. The debentures are subordinated, unsecured, rated, listed, redeemable, and transferable. The allotment was approved by the Working Committee of the Board of Directors on May 26, 2026, in continuation of an earlier intimation dated May 15, 2026. The issuance is based on terms outlined in the general information document dated August 14, 2025, and key information document dated May 21, 2026.
This private placement of NCDs represents additional debt capital for the microfinance company, which may support its lending operations. The subordinated nature means these debentures rank below senior debt in case of liquidation, typically offering higher yields to compensate for increased risk.