Announced Tue, 23 Jun · 16:45 IST
Board approves INR 5,000 Cr NCD issue on private placement
Fund Raising View source PDF
SATIN · price
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Price reaction · full curve 14 horizons · vs prior close
-1.0%1-day move
₹233.00
prior close
₹234.90
base price
After-mkt
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Up moveDown movePending
AI summary
Satin Creditcare board approved raising up to INR 5,000 Crore through Non-Convertible Debentures (NCDs) on a private placement basis, in one or more tranches, within one year, subject to shareholder approval at the AGM on August 7, 2026. The board also re-appointed Mr. Vikas Gupta as Chief Compliance Officer for 3 years starting July 11, 2026. NCD tenure, coupon, and security terms are yet to be decided by the Working Committee.
Likely market impact
Large NCD raise will lift borrowings; coupon and tenure not yet disclosed. CCO re-appointment is a routine governance update.