Satin Creditcare Announces ₹100 Cr Preferential Issue of Warrants

Satin Creditcare Network Limited (SCNL) announced its Board of Directors has approved a preferential issue of up to 38,50,000 Fully Convertible Warrants (FCW) to its promoter entity, Trishashna Holdings & Investments Private Limited. The issue price is set at ₹260 per warrant, aggregating to ₹100.10 crore. This price is at a premium to the market price and the SEBI-determined floor price, reflecting promoter confidence. The proceeds will strengthen SCNL's capital base and support growth. Post conversion, promoter shareholding is expected to increase from 36.17% to 38.32%. The issue is subject to shareholder approval via postal ballot.