Satin Creditcare Network Approves Preferential Issue of Warrants Worth Up To INR 100 Crore
Satin Creditcare Network Ltd has approved the issue and allotment of up to 38,50,000 Fully Convertible Warrants (FCWs) through a preferential basis. The transaction is aimed at raising an aggregate amount of up to INR 100,10,00,000 from the Promoter & Promoter Group category.The company's Board of Directors, during a meeting held on June 04, 2026, considered and approved the terms related to the issue of these warrants. The FCWs have been offered at an issue price of INR 260 each to Trishashna Holdings & Investments Private Limited.
The allotment details confirm that Trishashna Holdings & Investments Private Limited will receive up to 38,50,000 Warrants. The transaction involves a consideration of cash and is set to increase the company's shareholding structure significantly.
Key details regarding the proposed allottee and the resulting shareholding percentages are presented below:
| Name of Proposed Allottee | Category of Proposed Allottee | No. of Warrants (Up to) |
|---|---|---|
| Trishashna Holdings & Investments Private Limited | Promoter & Promoter Group | 38,50,000 |
The preferential allotment represents a substantial addition to the existing shareholder base, with the pre-preferential shareholding at 3,79,14,820 shares (representing 34.32%) increasing to 4,17,64,820 shares post-allotment (representing 36.53%).
The Warrants are designed to be convertible into an equivalent number of fully paid-up equity shares, each with a face value of INR 10. This conversion option is available to the warrant holder(s) within a maximum period of eighteen months from the date of allotment and is subject to the approval of Shareholders of Satin Creditcare Network Ltd.
The Board also noted that the Relevant Date for determining the minimum issue price was June 04, 2026. The company authorized its Working Committee to finalize all necessary documents concerning this issuance.
SATIN Stock Price Movement
As of 2:00 PM, shares of Satin Creditcare Network Limited are slipping by 1.71% in live trading, currently priced at ₹231.22. The stock saw significant movement today, with 242,654 shares recorded in the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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