Satin Creditcare Network has informed that the Working Committee of Satin Creditcare Network (the Company) in its meeting held today, November 1, 2023, has considered and approved the allotment of 10,000 (ten thousand) secured, rated, listed, redeemable, non-convertible debentures denominated in Indian Rupees (INR), having a face value of INR 1,00,000 (Indian Rupees One Lakh) each and an aggregate face value of INR 100,00,00,000 (Indian Rupees One Hundred Crore) on a private placement basis; and the terms and conditions for issuance of 2,000 (two thousand) senior, secured, unsubordinated, rated, listed, taxable, redeemable, transferable, non-convertible debentures denominated in INR, having a face value of INR 1,00,000 (Indian Rupees One Lakh) each and an aggregate face value of INR 20,00,00,000 (Indian Rupees Twenty Crore) (Debentures) on a private placement basis. Further, the details required to be disclosed as per the SEBI circular number SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are provided as Annexure-A below. The meeting was commenced at 11:00 AM and concluded at 11:45 AM.
The above information is a part of company’s filings submitted to BSE.