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Satin Creditcare Network announces closure of QIP issue

Capital Market 

Raises upto Rs 150 crore

Satin Creditcare Network announced the closure of the QIP issue on 07 October 2017. The Company raised upto Rs 150 crore from the QIP issue that opened on 04 October 2017. The Company is issuing upto 4,918,032 equity shares to qualified institutional buyers (QIBs) at an issue price of Rs. 305 per equity share (including a premium of Rs 295 per share), after giving a discount of 1.15% to the floor price of Rs. 308.56 per equity share, as per the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulation, 2009, as amended.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 10 2017. 20:22 IST