Satin Creditcare Network Ltd Board Meeting Set To Consider INR 5,000 Crore Non-Convertible Debenture Issuance
Satin Creditcare Network Ltd has scheduled a meeting of its Board of Directors to consider a significant proposal for raising funds through the issuance of Non-Convertible Debentures (NCDs). The company is exploring the possibility of raising up to INR 5,000 Crore in one or more tranches.The Board meeting is set to take place on Tuesday, June 23, 2026.
During the meeting, the directors are expected to review the proposal detailing the fundraising plan, which involves issuing Non-Convertible Debentures (NCDs) via a private placement basis. The potential funds sought amount to up to INR 5,000 Crore.
The issuance of these NCDs is subject to applicable laws and requires necessary approval from shareholders and any statutory authorities as may be required.
SATIN Stock Price Movement
On Wednesday, shares of Satin Creditcare Network Limited rallied, settling at ₹235.59 after the stock gained 2.08%. The equity traded within a range of ₹231.6 and ₹237.91 on a volume of 255,053 shares.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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