Satin Creditcare To Seek Shareholder Approval to Issue Securities Worth Rs 300 crore
DSIJ Intelligence / 13 Jun 2017
Satin Creditcare Network Limited is a non-deposit finance company accepting micro finance non-banking financial company, which is engaged in micro finance activities.
Satin Creditcare Network Limited is a non-deposit finance company accepting micro finance non-banking financial company, which is engaged in micro finance activities. It rose up by more than 11% in Tuesday’s trading session. It was up by 11.4% at Rs 282 per share at 1130 hours IST on BSE. It touched a high of Rs 286.80 and a low of Rs 256 so far during the day.
In order to issue securities worth Rs 300 crore, the company will seek shareholder approvalin the annual general meeting to take place on July 6, 2017.
Company’s peers include SPS Finquest and Tourism Finance Corporation. The stock has underperformed both BSE small-cap and Nifty Financial Services over a period of one year.