The funds would be raised within the borrowing limits approved by the shareholders, in one or more series/ tranches.

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 consolidated net profit jumped 86.7% to Rs 106.78 crore on 49.3% rise in total income to Rs 538.48 crore in Q2 FY24 over Q2 FY23.

Shares of Satin Creditcare Network rallied 4.74% to close at Rs 271.60 on the BSE.