Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Satin Creditcare raises Rs.332-Cr debt from FMO
Publicly listed Satin Creditcare Network has raised INR 332 crore from the Dutch Entrepreneurial Development Bank, FMO, via the issuance of non convertible debentures (NCDs). The microfinance lender has allotted 33,200 NCDs of face value INR 1,00,000 each aggregating to INR 332 crore.The NCDs have a tenure of five years and the monies raised will be used by the company for on lending.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.