Satin Creditcare Network Limited allots 19982283 securities pursuant to Rights Issue

The Rights Issue Committee of the Board of Directors of Satin Creditcare Network Limited have, today, i.e. on Tuesday, September 1, 2020, considered and approved the allotment of 1,99,82,283* Equity Shares having face-value of Rs. 10/- each [Rs. 2.5/- paid-up] to the eligible applicants in the Rights Issue at an issue price of Rs. 60 per Equity Share [including a premium of Rs. 50 per Equity Share] of which Rs. 15 per Equity Share has been paid-up on application [including a premium of Rs. 12.50 per Equity Share]. The balance amount of Rs. 45/- [including premium of Rs. 37.50 per Equity Share] shall be payable in subsequent calls as may be decided by the Board / Committee, from time to time.

Shares of Satin Creditcare Network Ltd was last trading in BSE at Rs.78.7 as compared to the previous close of Rs. 72.7. The total number of shares traded during the day was 7781 in over 190 trades.

The stock hit an intraday high of Rs. 78.95 and intraday low of 73.55. The net turnover during the day was Rs. 600259.

Source : Equity Bulls

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