Satin Creditcare Network Limited to Raise Up to INR 84.46 Crore Through NCDs
Satin Creditcare Network Limited announced that its Working Committee of the Board of Directors approved the issuance of Non-Convertible Debentures (NCDs) totaling up to INR 84,46,00,000. The approval for the issue was reached during a meeting held on Friday, May 15, 2026.The company plans to raise the capital through a private placement basis by issuing up to 8,446 subordinated, unsecured, rated, listed, redeemable, transferable, non-convertible debentures. Each debenture will have a face value of INR 1,00,000.
The proposed debentures are subject to listing on BSE Limited. The issuance structure outlines a tenure of 84 months, with a Deemed Date of Allotment set for May 26, 2026, and a Final Redemption Date of May 26, 2033.
Key Financial Parameters of the Issue
The debentures are structured with specific financial terms, including an interest rate of 12.80% per annum, payable semi-annually. The principal repayment is scheduled over two installments.| Detail | Specification |
|---|---|
| Total Nominal Value | INR 84,46,00,000 (Eighty Four Crore and Forty Six Lakhs only) |
| Maximum Debentures | Up to 8,446 |
| Face Value per Debenture | INR 1,00,000 |
| Issue Basis | Private Placement |
| Interest Rate (Coupon) | 12.80% per annum (Semi-annually payable) |
| Listing Exchange | BSE Limited |
| Deemed Allotment Date | May 26, 2026 |
| Maturity/Final Redemption Date | May 26, 2033 |
| Security/Charge | Unsecured and subordinated debt instruments |
The debentures are classified as subordinated, unsecured debt instruments, meaning no charge is created over the assets of the company.
The redemption process is slated to occur in two installments. The company plans to pay approximately 99.99% of the outstanding principal amounts on May 26, 2031, followed by payment of the remaining outstanding principal amounts on the Final Redemption Date, May 26, 2033.
In the event of a default in payment of interest or principal for a period exceeding three months, the company must pay additional interest at a rate of 3% per annum over the established Interest Rate.
SATIN Stock Price Movement
Shares of Satin Creditcare Network Limited dropped today, settling at ₹223.41 after shedding 0.73%. The equity traded on a volume of 576,223 shares, failing to hold above its day's low of ₹222.51.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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