The NCDs have a coupon rate of 11% per annum payable monthly and at maturity.

The debentures are proposed to be listed on Bombay Stock Exchange (BSE).

Satin Creditcare Network is engaged primarily in providing micro finance services to women in the rural areas of India who are enrolled as members and organized as joint liability groups.

The company's net profit rose 59% to Rs 94 crore on 20.12% increase in total income to Rs 397.12 crore in Q4 March 2023 over Q4 March 2022.

Shares of Satin Creditcare Network slipped 3.04% to Rs 166 on the BSE.