The company plans to raise up to Rs 5,000 crore by issuing non-convertible debentures (NCDs) in one or more tranches on a private placement basis. The proposed issuance will be subject to applicable laws, shareholder approval, and other necessary regulatory clearances.
Satin Creditcare Network is a leading microfinance institution (MFI) in the country with presence in 26 states & union territories and 95,000 villages. The company also offers a bouquet of financial products in the non-MF segment, comprising loans to MSMEs, affordable housing loans to MSMEs, affordable housing loans, and business correspondent services.
The company’s consolidated net profit dropped 82.9% to Rs 21.89 crore on 3.8% decline in total income to Rs 622.50 crore in Q4 FY25 over Q4 FY24.