By Wendy Van Sickle
Columbus, Ohio, March 24 – Satin Creditcare Network Ltd. said the working committee of its board of directors met on Tuesday and approved Rs. 500.5 million of 13.14% nonconvertible debentures due April 24, 2027, according to a notice filed with the Bombay Stock Exchange.
The debentures will be issued by way of a private placement.
Satin is a New Delhi-based non-banking finance company.
| Issuer: | Satin Creditcare Network Ltd.
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| Issue: | Nonconvertible debentures
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| Amount: | Rs. 500.5 million
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| Maturity date: | April 24, 2027
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| Coupon: | 13.14%
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| Distribution: | Private placement
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