Satin Creditcare to discuss NCB worth 50 crores on November 4
DSIJ Intelligence / 02 Nov 2016
Satin Creditcare, a well-known NBFC, which provides financial assistance to urban shopkeepers for tiny businesses has once again grabbed eye balls. Recently, the company has been upgraded by CARE for its various NCBs, preference capital, and long term facilities.
Satin Creditcare, a well-known NBFC, which provides financial assistance to urban shopkeepers for tiny businesses has once again grabbed eye balls. Recently, the company has been upgraded by CARE for its various NCBs, preference capital, and long term facilities.
Satin Creditcare Network on November 1, has informed BSE that meeting of Working Committee of the board of directors of the company is scheduled to be held on November 04, 2016 for the issuance of NCDs upto the amount of Rs 50 crores through a private placement.
It will be interesting to watch Q2FY17 results. Meanwhile, in Q1FY17, net sales of the company have increased by 71 per cent as compared to Q1FY16. PAT stood at Rs 24.58 crores which has increased by 103.79 per cent as compared to corresponding quarter of the previous fiscal.
The shares of the company in the last 6 months have given a return of 79 per cent. Fifty-two-week High/Low stands at Rs 716.70/264.
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