Satin Creditcare Netowrk Limited to raise funds

The board of directors of Satin Creditcare Netowrk Limited , in their meeting held today i.e., Friday, March 10, 2017 which commenced at 5.30 PM (IST) and concluded at 06:20 PM (IST), has considered and approved the proposal of Increase in the Authorized Share Capital of the Company, which is subject to shareholders' approval.

The Board approved proposal of issue on preferential basis of warrants convertible into equivalent number of equity shares of face value of Rs. 10/- each of the Company and proposal of issue on preferential basis of the equity shares of face value of Rs. 10/- each of the Company, The details of the proposed allotteees are as follows: 1. Trishashna Holdings & Investments Private Limited 2. Asian Development Bank.

The Boad also approved the notice of Extraordinary General Meeting scheduled to be held on Friday, April 07, 2017.

Source : Equity Bulls

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