Satin Creditcare Network Limited Approves ₹50 Crore Subordinated NCD Issuance
Satin Creditcare Network Limited approved the issuance of ₹50 Crore subordinated, unsecured, listed, rated, non-convertible debentures (NCDs) via private placement. The NCDs, with a 12% annual interest rate payable monthly, mature on September 30, 2031. The issuance includes a ₹25 Crore green shoe option.
The fundraising of ₹50 Crore through NCD issuance will bolster the company's capital base, potentially supporting its lending operations and expansion plans, thus having a medium-term impact.
The company is successfully raising debt capital, which is generally a positive sign for business operations and growth.
Satin Creditcare Network Limited's Working Committee of the Board of Directors, in a meeting held on March 20, 2026, has approved the terms for issuing 5,000 subordinated, unsecured, listed, rated, taxable, transferable, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹50,00,00,000 (₹50 Crore). This includes a green shoe option of up to 2,500 NCDs with an aggregate nominal value of ₹25,00,00,000 (₹25 Crore).
The issuance will be on a private placement basis. The NCDs are proposed to be listed on BSE Limited. The Deemed Date of Allotment is March 30, 2026, and the maturity date is September 30, 2031, resulting in a tenure of 66 months. The NCDs will carry an interest rate of 12% per annum, payable monthly, with principal redemption on the maturity date. The meeting commenced at 12:20 P.M. and concluded at 12:50 P.M.
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Satin Creditcare Network Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Satin Creditcare Network Limited. Read the original for the full detail.