Satin Creditcare Network Limited completes ₹100.10 crore preferential issue of convertible warrants
Satin Creditcare Network Limited (SCNL), a leading microfinance institution, announced that its Board approved the issuance of up to 38,50,000 Fully Convertible Warrants (FCW) on a preferential basis. The transaction, which aggregated ₹100.10 crore, was made to its Promoter and Promoter Group entity, Trishashna Holdings & Investments Private Limited.The Board meeting, held on June 4, 2026, sanctioned the issue of FCWs at an issue price of ₹260 per warrant. This price point represents a premium over both the SEBI-determined floor price of ₹222.82 and the closing market price of ₹235.25 as recorded on June 3, 2026. The issue price is also...