Satin Creditcare Network Limited has informed the Exchange regarding allotment of 4000 Non-Convertable Debentures at its working committee meeting held on July 24, 2025
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Satin Creditcare Network Limited has allotted 4,000 subordinated, unsecured, rated, listed, taxable, redeemable, transferable non-convertible debentures (NCDs) on July 24, 2025, through a private placement. Each NCD has a face value of Rs 1,00,000, taking the total issue size to Rs 40 crore. The allotment was made by the company's Working Committee based on documentation including a private placement offer letter dated July 21, 2025, and a debenture trust deed with Catalyst Trusteeship Limited dated July 23, 2025. This continues from an earlier intimation dated July 14, 2025. No coupon rate or yield details have been disclosed in this filing.
The company has raised Rs 40 crore through debt, which will strengthen its capital base but will also add to its interest obligations. Since the NCDs are subordinated and unsecured, they carry higher risk for investors but are part of regulatory capital for the NBFC. The relatively small size limits any major dilution of equity or significant impact on the stock.