India’s Satin Creditcare mulls up to Rs. 350 million 13.85% debentures

By Wendy Van Sickle

Columbus, Ohio, March 23 – Satin Creditcare Network Ltd. informed the Bombay Stock Exchange that the working committee of its board of directors will meet on Monday to issue up to Rs. 350 million of 13.85% unsecured redeemable nonconvertible debentures.

The debentures will have a tenor of up to 74 months and will be issued via private placement.

Satin is a New Delhi-based non-banking finance company.

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