Announcement under regulation 30 (LODR) - Press Release
SATIN · price
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Satin Creditcare Network Limited (SCNL) has raised INR 200 crore in subordinated Tier II capital for a 7-year tenure, strengthening its capital base amid sector-wide moderation. The microfinance institution, operating across 27 states with over 1,000 branches, will deploy proceeds towards expanding Income Generating Loans (IGL) and Water, Sanitation and Hygiene (WASH) financing segments, as well as supporting subsidiary growth including its housing finance and MSME lending arms. The company's chairman cited continued delivery of steady growth and improved operating performance as drivers of investor confidence. The long-tenor structure enhances capital adequacy ratios and provides flexibility for future capital planning while enabling efficient deployment of growth capital.
This Tier II capital infusion improves SCNL's balance sheet strength and capital adequacy, positioning the microfinance company to scale its lending operations without immediate dilution to existing shareholders. The focus on expanding high-impact lending segments like IGL and WASH aligns with the company's mission to serve financially under-served communities.