Satin Creditcare Rights Issue Dates, How to Apply, Price, Ratio, Allotment Details

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.