Satin Creditcare Network rights issue finally open on August 12 and will close on August 26, 2020. It is micro finance institution coming with around Rs 120-crore rights issue. Satin Creditcare is non-banking finance company offering small business loans, individual loans, financial and community services to low-income households and micro, small & medium Enterprises (MSMEs). The Company has aimed to raise net around Rs. 1,99,82,667 equity shares of the face value of Rs 10 each. Currently they are operating business in 23 states and union territories across India. The Satin Creditcare rights issue price at Rs 60 per rights equity share which is 23.3& discount to July 30 closing price. The rights entitlement ratio is 48 shares for every 125 Shares held as on as on the record date. It is around Rs. 119.29 Cr. rights issue which company will use fund to meet future capital requirements and funding for new the growth of the business and general corporate purposes. Checkout Satin Creditcare rights issue dates, price, issue size, ratio, allotment and listing details.
Satin Creditcare Rights Issue Review:
- Apply for Long Term.
Satin Creditcare Rights Issue Date & Price Band:
| Issue Open: | 12 August 2020 |
| Issue Close: | 12 August 2020 |
| Issue Size: | Approx ₹119.293 Crore (Approx) |
| Record Date | 5 August 2020 |
| Price Band: | ₹60 Per Share |
| Listing on: | BSE / NSE |
| Ratio: | 48:125 (18 rights shares for every 125 shares) |
| Equity: | 1,99,82,667 Shares |
Satin Creditcare Rights Issue Allotment & Listing:
| Finalization of Basis of Allotment: | 4 September 2020 |
| Date of Allotment (ON OR ABOUT) | 7 September 2020 |
| Credit to Demat Account: | 8 September 2020 |
| Listing Date: | 11 September 2020 |
Satin Creditcare Rights Issue Form & How to Apply:
How to apply the Satin Creditcare Network rights issue? You can apply Satin Creditcare rights issue on official website available. The other option you can apply Satin Creditcare rights issue via forms download on NSE Forms & BSE Forms blank forms download, fill and submit in your bank or with your broker.
Quick Links:
Spencer’s Retail Letter of Offer
Approval from BSE & NSE
Satin Creditcare Rights Issue Allotment Status:
Check Satin Creditcare rights issue on Link Intime India Pvt Ltd website allotment URL. Click Here
Satin Creditcare Rights Issue Lead Managers:
- Corporate Professional Capital
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Company Address:
SATIN CREDITCARE NETWORK LIMITED
Registered Office: 5th Floor, Kundan Bhawan, Azadpur Commercial
Complex, Azadpur, Delhi- 110033, India
Corporate Office: Floor 1, &, 3, 97, Sector 44, Gurugram, Haryana 122003
India Telephone: (011) 47545000; Facsimile: (011) 23328951
Contact Person: Mr. Adhish Swaroop (Company Secretary & Compliance
Officer)
E-mail: [email protected];
Website: www.satincreditcare.com;
Corporate Identity Number: L65991DL1990PLC041796
