
Deals3 Aug 2026, 03:50 pm
Satin Creditcare Allots 38.5 Lakh Warrants to Promoter Group for ₹100 Cr
AI Summary
Satin Creditcare Network Limited announced the allotment of 38,50,000 Fully Convertible Warrants to Trishashna Holdings & Investments Private Limited, an entity within the Promoter & Promoter Group. The allotment was made on a preferential basis at an issue price of INR 260 per warrant, aggregating to INR 100,10,00,000. This move is expected to increase the company's paid-up equity share capital on a fully diluted basis to INR 1,14,32,09,650, comprising 11,43,20,965 equity shares of INR 10 face value each, assuming full conversion of the warrants. The Working Committee of the Board of Directors approved this allotment during their meeting held on August 3, 2026.
Key Highlights
- Allotment of 38,50,000 warrants to Promoter Group entity.
- Issue price fixed at INR 260 per warrant.
- Total funds raised amount to INR 100.10 Crore.
- Paid-up equity capital to increase post-warrant conversion.
- Allotment approved by the Working Committee on August 3, 2026.
Price Impact
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