Satin Creditcare Network Limited approves allotment of shares to QIBs

The Working Committee of the Board of Directors of Satin Creditcare Network Limited at its meeting held today, i.e. October 11, 2017, approved the issue and allotment of Equity Shares of face value of Rs. 10 each to qualified institutional buyers at the issue price of Rs. 305.00 per Equity Share, aggregating approximately to 150 crores (Rupees One Hundred Fifty Crores Only). Pursuant to the allotment of the 49,18,032 Equity Shares in the QIP, the paid-up equity share capital of the Company stands increased to Rs. 44,68,86,960 comprising of 4,46,88,696 Equity Shares.

Shares of Satin Creditcare Network Ltd was last trading in BSE at Rs.313.2 as compared to the previous close of Rs. 312.2. The total number of shares traded during the day was 1902 in over 80 trades.

The stock hit an intraday high of Rs. 318.4 and intraday low of 312.75. The net turnover during the day was Rs. 599965.

Source : Equity Bulls

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