Board of Satin Creditcare Network approves allotment of preference shares to Capital First

At meeting held on 10 August 2017

Satin Creditcare Network announced that the Board of Directors of the Company has approved on 10 August 2017, the allotment of 12,30,098 Optionally Convertible Redeemable Preference Shares ('OCRPS') of Rs. 10/- each at an issue price of Rs. 284.53 to Capital First, an entity belonging to non- promoter group, on preferential issue basis.

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