Satin Creditcare Network Fund Raise of ₹650 Cr
Satin Creditcare's subsidiary, Satin Finserv, raised over ₹650 Crore through debt and equity. This funding includes ₹345 Crore in borrowings during Q1 FY27.
- Value
- ₹650.0 Cr
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Satin Creditcare's subsidiary, Satin Finserv, raised over ₹650 Crore through debt and equity. This funding includes ₹345 Crore in borrowings during Q1 FY27.
Satin Creditcare Network approved a ₹100.10 Crore preferential warrant issue to promoters. The capital infusion supports growth goals and increases promoter holding to 38.32%.
Satin Creditcare's board approved raising ₹100.10 Crore through a preferential issue of 38,50,000 warrants to its promoter group. The move strengthens capital adequacy and supports long-term growth.
Satin Creditcare Network Ltd reported full utilization of ₹260 Crore raised through NCDs. There were no deviations or variations in the use of proceeds.
Satin Creditcare Network Limited (SCNL) raised ₹200 Crore in Tier II capital with a 7-year tenure. The funds will strengthen capital adequacy and support expansion in high-impact lending segments like Income Generating Loans (IGL) and WASH financing. This infusion reinforces balance sheet strength for long-term growth across its diversified financial services platform.
Satin Creditcare Network Limited has approved a fundraise of up to ₹190.00 Crore (USD 20 million) through the issuance of 2,000 debt securities. The bonds have a 36-month tenure and will be listed on NSE IX or India INX. Interest is set at 310 basis points plus 6-month SOFR, payable semi-annually.