Satin Creditcare Network Limited board approves increase in authorised capital

The Board of Directors of Satin Creditcare Network Limited in their meeting held on May 15, 2020 has recommended the increase in Authorised Capital of the Company from INR 1,40,00,00,000 (Indian Rupees One Hundred and Forty Crores only) divided into 6,50,00,000 (Six Crores and Fifty Lakhs) equity shares of INR 10/- (Indian Rupees Ten only) each and 7,50,00,000 (Seven Crore and Fifty Lakhs) preference shares of INR 10/- (Indian Rupees Ten only) each to INR 1,70,00,00,000 (Indian Rupees One Hundred and Seventy Crore only) consisting of 9,50,00,000 (Nine Crore and Fifty Lakhs) equity shares of INR 10/- (Indian Rupees Ten only) each and 7,50,00,000 (Seven Crore Fifty Lakhs) preference shares of INR 10/- (Indian Rupees Ten only) each by creation of additional 3,00,00,000 (Three Crore) equity shares of INR 10/- (Indian Rupees Ten only) and consequent amendment to clause V of the Memorandum of Association of the Company for approval of the Members through Postal Ballot and e-voting.

Shares of Satin Creditcare Network Ltd was last trading in BSE at Rs.52.25 as compared to the previous close of Rs. 54.15. The total number of shares traded during the day was 5408 in over 93 trades.

The stock hit an intraday high of Rs. 56.85 and intraday low of 51.45. The net turnover during the day was Rs. 282643.

Source : Equity Bulls

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