Satin Creditcare Board to Consider ₹5,000 Crore NCD Fundraise on June 23
Satin Creditcare Network Limited has scheduled a board meeting on June 23, 2026, to consider a fundraising proposal of up to ₹5,000 crore through Non-Convertible Debentures (NCDs) via private placement in one or more tranches. The initiative requires shareholder and statutory approvals and is convened under SEBI (LODR) Regulations, 2015, as intimated by Company Secretary Vikas Gupta.
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Satin Creditcare Network Limited 's board is scheduled to meet on June 23, 2026, to consider raising funds up to ₹5,000 crore through the issuance of Non-Convertible Debentures (NCDs). The proposed fundraising aims to bolster the company's capital base and will be conducted in one or more tranches on a private placement basis, subject to necessary approvals.
The board meeting will evaluate the proposal to issue NCDs, a debt instrument that cannot be converted into equity. The decision is part of the company's strategy to secure long-term funding. The initiative is subject to applicable laws and requires approval from shareholders and other statutory authorities.
Key Details of the Fundraising Proposal
The following table outlines the key parameters of the proposed NCD issuance:
| Parameter: | Details |
|---|---|
| Instrument | Non-Convertible Debentures (NCDs) |
| Amount | Up to ₹5,000 crore |
| Mode | Private placement |
| Structure | One or more tranches |
| Approvals Required | Shareholders, statutory authorities |
The meeting is convened pursuant to Regulations 29 and 50 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The intimation was filed by Vikas Gupta, Company Secretary & Chief Compliance Officer of Satin Creditcare Network Limited.
Historical Stock Returns for Satin Creditcare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.77% | -1.03% | +3.60% | +65.75% | +49.85% | +151.01% |
What impact will this ₹5,000 crore debt issuance have on Satin Creditcare's leverage ratios and interest coverage metrics?
How will the company utilize the raised capital to support its growth strategy and asset quality in the microfinance sector?
What coupon rates are expected for the NCDs given the current interest rate environment and the company's credit profile?
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