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Satin Creditcare raises $30 million through non-convertible debentures

This investment would help Satin Creditcare in its planned expansion, portfolio growth, and its efforts in increasing financial inclusion

BS Reporter  |  New Delhi 


Satin Network Limited (SCNL) raised $30 million by selling non-convertible debentures (NCD) to the (FMO) to accelerate its microfinance lending

This would help Satin in its planned expansion, growth, and its efforts in increasing financial inclusion, through its operations in more than 20 states.

H P Singh, CMD, SCNL said, “With the new capital pool at our disposal, we will be looking at strengthening our ongoing credit lending services to a larger section of our existing and potential customer base”.

First Published: Fri, December 14 2018. 21:04 IST