Satin Creditcare Network: Promoter group acquires 38.5 lakh warrants

Satin Creditcare Network Limited has announced the allotment of 38,50,000 Fully Convertible Warrants on a preferential basis to Trishashna Holdings & Investments Pvt Ltd, along with other Promoter and Promoter Group entities. This transaction, disclosed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, involves entities belonging to the promoter group. The warrants, upon conversion, will entitle the holders to receive equity shares of the company. The total equity share capital and total voting capital of the company remain unchanged post-allotment, but the diluted share capital will increase upon conversion of these warrants.