Credent Global Finance
29.29
-0.15(-0.51%)
Market Cap₹179.98 Cr
PE Ratio6.39
Company Performance:
1D-0.51%
1M+5.93%
6M+1.42%
1Y+15.22%
5Y+1,564.20%
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More news about Credent Global Finance
16Oct 25
Credent Global Finance Plans ₹3,500 Crore Capital Raise via QIP
Credent Global Finance Limited, an NBFC, has announced plans to raise up to ₹3,500 crore through a Qualified Institutions Placement (QIP). The Board of Directors has approved the proposal, which awaits shareholder approval at an EGM scheduled for November 10, 2025. The QIP will issue equity shares with a face value of ₹2 each to qualified institutional buyers, with a minimum 10% allocation for mutual funds. The funds will be used to augment the company's capital base for NBFC activities and for general corporate purposes. The shares will have a one-year lock-in period, and the company has 365 days from the shareholder resolution to complete the allotment.
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10Oct 25
Credent Global Finance Approves ₹35 Crore Fundraising Through QIP
Credent Global Finance Limited, a Mumbai-based financial services company, has approved plans to raise up to ₹35 crore through a Qualified Institutions Placement (QIP) of equity shares or other equity-linked securities. The decision was made by the company's Board of Directors on October 10, 2025. The fundraising will be conducted in compliance with SEBI regulations and is subject to shareholder approval. Socradamus Capital Private Limited has been appointed as the Book Running Lead Manager for the issue. This capital raise aims to strengthen the company's financial position and support growth initiatives.
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08Sept 25
Credent Global Finance Reappoints Samir Agarwal as CEO for FY 2025-2026
Credent Global Finance Limited has reappointed Mr. Samir Agarwal as CEO for the financial year 2025-2026. The decision, made by the company's board, complies with the Companies Act, 2013 and SEBI regulations. The board expressed confidence in Agarwal's strategic vision and operational excellence. The company has informed BSE Ltd about the reappointment, adhering to SEBI regulations.
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13Aug 25
Credent Global Finance Reports Rs 55.91 Crore Net Profit in Q1, Appoints New Secretarial Auditor
Credent Global Finance Limited announced its Q1 financial results, reporting a standalone net profit of Rs 55.91 crore, down from Rs 86.57 crore in the previous year. However, total income increased to Rs 274.28 crore from Rs 204.32 crore. The company's Board approved the appointment of M/s Sumit Bajaj and Associates as Secretarial Auditor for FY 2025-26 to FY 2029-30, subject to shareholder approval. The Board also approved the Director's Report, AGM notice, and appointed scrutinizers for e-voting.
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22Jul 25
Credent Global Finance Bolsters Leadership with Two Key Board Appointments
Credent Global Finance Limited has appointed Mr. Vikas Kataria as Additional Executive Director and Mr. Navneet Kumar as Additional Non-Executive Independent Director, effective July 21, 2025. Mr. Kataria brings experience in metal casting and foundry operations, while Mr. Kumar, a Company Secretary with an LLB degree, has expertise in corporate advisory and compliance. The appointments, approved by the RBI on May 26, 2025, aim to enhance the company's leadership and governance. Mr. Kumar's term is set for five years, subject to shareholder approval.
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10Jun 25
CRED's Valuation Dips to $3.5 Billion in Latest Funding Round
Fintech startup CRED has secured $75 million in a Series G funding round led by GIC's Lathe Investment. The company's valuation has decreased by 45% to $3.50 billion compared to its 2022 valuation. Despite this, CRED continues to expand its services beyond credit card bill payments, now offering personal finance management, vehicle services, travel booking, and digital credit facilities against mutual fund holdings. The funding round closure indicates ongoing investor confidence in CRED's business model and growth potential.
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27May 25
Cred Secures $75 Million Funding at Reduced $3.5 Billion Valuation
Cred, the fintech startup, is closing a $75 million funding round from existing investors GIC, Sofina Ventures, and RTP Global at a $3.5 billion valuation, down from its previous $6.5 billion valuation. Despite the valuation drop, Cred reported a 66% increase in revenue to Rs 2,473 crore and narrowed operating losses. The company has also launched new products, Svalbard and Cred Money, as part of its expansion strategy.
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Credent Global Finance
29.29
-0.15
(-0.51%)
1 Year Returns:+15.22%
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