Satin Creditcare Network Ltd appoints Mr. Rakesh Sachdeva as CFO

The Board of Directors of Satin Creditcare Network Limited at its meeting held today at 1:30 p.m. and concluded at 2:20 p.m. has considered and approved the resignation of Mr. Krishan Gopal from the position of Chief Financial Officer (Whole-time Key Managerial Personnel) of the Company with effect from December 12, 2020 (close of business hours).

The board also approved the appointment of Mr. Rakesh Sachdeva as Chief Financial Officer and Whole-time Key Managerial Personnel of the Company with effect from December 13, 2020.

Mr. Sachdeva has more than 30 years of experience across various domains of Finance Management, Business Operations, Human Resources, Project Management; Strategic Alliances and Contract Management. He is a versatile manager and his area of work involved fund management, administration and project management. He is a Fellow member of the Institute of Chartered Accountants of India, and worked with Apollo Tyres Ltd, Berger Group, Arcotech Group at various designations and his last project was with Earth – n – Heaven as Chief Executive Officer. Mr. Sachdeva is associated with Satin Creditcare Network Limited as Board member from April, 1999 to November, 2020. He has served on various committees (including Audit Committee) of the Board of Satin Creditcare Network Limited as Chairman and Member.

Shares of Satin Creditcare Network Ltd was last trading in BSE at Rs.77.35 as compared to the previous close of Rs. 78. The total number of shares traded during the day was 40889 in over 661 trades.

The stock hit an intraday high of Rs. 78.8 and intraday low of 74.2. The net turnover during the day was Rs. 3117991.

Source : Equity Bulls

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