India's Satin Creditcare rises after approving $528 million debt fundraise
24/06/2026 08:45
BUZZ-India's Satin Creditcare rises after approving $528 million debt fundraise ** Shares of India's Satin Creditcare SATR.NS rise 4.85% to 243.87 rupees
** Stock on track for highest intraday pct gain since May 7, if gains hold
** Co's board approves raising up to 50 billion rupees ($528.5 million) through issuance of non-convertible debentures in one or more tranches
** Fundraise, subject to shareholder approval, could support growth in the microfinance lender's rural credit portfolio and strengthen funding flexibility, co says
** YTD stock up 67.17%
($1 = 94.6050 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
Recent news on Satin Creditcare Network
See all newsBrief: Satin Creditcare Network Ltd Says Satin Growth Alternatives Limited Makes First Investment In Indic Wisdom
Brief: Satin Creditcare Network June-Quarter Consol Net PAT 1.23 Billion Rupees
India's Satin Creditcare rises after approving $528 million debt fundraise
Brief: Satin Creditcare Network Approves Issuance Of NCDs Up To 50 Bln Rupees
Brief: Satin Creditcare Network Says Board To Consider Fund Raising Via NCDs Up To 50 Billion Rupees