Satin Creditcare to Raise ₹100.1 Cr via Preferential Issue

Satin Creditcare Network Ltd's Board of Directors has approved a preferential issue of up to 38,50,000 Fully Convertible Warrants to Trishashna Holdings & Investments Private Limited, a promoter group entity. The issue price is fixed at ₹260 per warrant, aggregating to ₹100.10 crore. These warrants are convertible into equity shares within 18 months, subject to shareholder approval. The company also announced the relevant date for pricing and initiated the postal ballot process for shareholder consent.