Promoters of Satin Creditcare Network Limited Reduce Pledge to 3.09%

The Promoters of Satin Creditcare Network Limited (SCNL) (NSE: SATIN, BSE: 539404), one of the leading microfinance institutions in the country, have reduced their pledge percentage from 8.90% as on July 16, 2020 to 3.09% as on March 16, 2021. The Promoters hold 2,75,21,735 Equity Shares on a fully diluted basis, out of which 8,50,000 Equity Shares are pledged, which amounts to 3.09% of their holding and 1.18% of total equity paid up capital of the Company. Further, the percentage of shares pledged has come down from 52.88% of Promoters' holdings on December 31, 2018.

Shares of Satin Creditcare Network Ltd was last trading in BSE at Rs.91.05 as compared to the previous close of Rs. 92.2. The total number of shares traded during the day was 6843 in over 172 trades.

The stock hit an intraday high of Rs. 95 and intraday low of 90.6. The net turnover during the day was Rs. 633049.

Source : Equity Bulls

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