Home / Business and Economy / Satin Creditcare to Raise ₹5,000 Crore via NCDs
Satin Creditcare to Raise ₹5,000 Crore via NCDs
23 Jun
Summary
- Board approved raising up to ₹5,000 crore through NCDs.
- Funds to be raised on a private placement basis within a year.
- Company maintains 15-20% AUM growth guidance for FY27.
Satin Creditcare Network Ltd announced on Tuesday, June 23, 2026, that its board has approved a proposal to raise funds amounting to ₹5,000 crore. This significant capital infusion will be achieved through the issuance of non-convertible debentures (NCDs) on a private placement basis.
The company intends to complete this fundraising initiative in one or more tranches within a year, contingent upon shareholder approval at the upcoming annual general meeting. Details such as tranche size, tenure, and interest rates will be finalized by the Working Committee of the Board.
Furthermore, Satin Creditcare confirmed the re-appointment of Vikas Gupta as Chief Compliance Officer for a three-year term starting July 11, 2026. The lender also reiterated its financial outlook, maintaining a 15-20% growth trajectory for assets under management (AUM) this financial year and expecting stable net interest margins.
Despite potential concerns related to monsoons and geopolitical factors, Satin Creditcare has observed stable collection and disbursement trends. The company's leadership indicated that any impact from weather disruptions is likely to be limited, with no significant stress observed in operating regions so far.
