Satin Creditcare Network Limited to raise ₹84.46 Crore via NCDs
Satin Creditcare Network Limited approved the issuance of up to 8,446 NCDs worth ₹84.46 Crore on a private placement basis. The NCDs carry a 12.80% interest rate, payable semi-annually, with a tenure of 84 months. Allotment is scheduled for May 26, 2026, with redemption in two tranches.
The issuance of NCDs will increase the company's debt burden, which could impact its leverage ratios. However, it also provides necessary capital for operations or expansion.
The announcement details a debt fundraising exercise which is a routine corporate action and does not inherently suggest a positive or negative outlook for the company.
Satin Creditcare Network Limited announced on May 15, 2026, that its Working Committee of the Board of Directors has approved the terms for issuing up to 8,446 subordinated, unsecured, rated, listed, redeemable, transferable, non-convertible debentures (NCDs). These NCDs will have a face value of ₹1,00,000 each, aggregating to a nominal value of ₹84,46,00,000 (₹84.46 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 May 26, 2026, and the Final Redemption Date is May 26, 2033, making the tenure 84 months. The coupon/interest rate offered is 12.80% per annum, payable semi-annually. The principal will be redeemed in two installments: approximately 99.99% on May 26, 2031, and the remaining on the Final Redemption Date. In case of delayed payments, an additional interest of 3% per annum over the coupon rate will be payable. The meeting commenced at 03:00 PM and concluded at 03:11 PM on May 15, 2026.
The NCDs are subordinated, unsecured debt instruments, and therefore, no charge is created over the assets.
What to do with a filing like this
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.