Deals26 Sept 2025, 05:30 pm
Satin Creditcare Network Ltd Approves Sale of Stressed Financial Assets Worth INR 265.79 Crore
AI Summary
The Working Committee of the Board of Directors of Satin Creditcare Network Ltd, a leading NBFC, has approved the sale of stressed financial assets with an outstanding value of INR 265.79 Crore to an Asset Reconstruction Company (ARC). The sale was conducted through an Open Bid Method and the consideration amount is INR 86.14 Crore. This decision was made in accordance with the applicable provisions of the SEBI Listing Regulations.
Key Highlights
- Satin Creditcare Network Ltd sells stressed financial assets worth INR 265.79 Crore
- The sale was conducted through an Open Bid Method
- The consideration amount is INR 86.14 Crore
- The decision is in accordance with SEBI Listing Regulations
- The sale aims to manage the company's financial assets more effectively