Satin Creditcare Network Gains 5% as Board Plans Fundraising Meet

Satin Creditcare Network witnessed a 5.3% intraday surge in its shares on November 16. The microfinance company has set the stage for a crucial board meeting on November 20 to deliberate on potential fundraising endeavors.

As per a regulatory filing, Satin Creditcare Network’s board members will convene to “consider the fund-raising proposal by way of issuance of listed/unlisted, secured/unsecured, non-convertible debentures on a private placement basis.”

Advertisement

As of 1:06 pm, the shares continued their positive momentum, trading 2.80% higher at ₹268.00, reflecting market optimism surrounding the impending fundraising discussions.