Satin Creditcare Network Ltd allots 41,02,564 shares

The Working Committee of Satin Creditcare Network Limited at their meeting held on Thursday, December 29, 2022, at Corporate Office of the Company, has, considered and approved allotment of 41,02,564 (Forty One Lakhs Two Thousand Five Hundred and Sixty Four) equity shares of face value of INR 10/- (Indian Rupees Ten only) each ("Equity Shares") fully paid-up to Florintree Ventures LLP (entity belonging to Non-Promoter Group), pursuant to conversion of 41,02,564 (Forty One Lakhs Two Thousand Five Hundred and Sixty Four) Fully Convertible Warrants ("Warrants") issued and allotted as on January 25, 2022 for cash at an issue price of INR 81.25/- (Indian Rupees Eighty One and Twenty Five Paisa only) per Warrant by way of preferential allotment on private placement basis.

Consequent to the allotment of abovementioned Equity Shares, the paid-up equity share capital of the Company stands increased from INR 79,12,15,610/- (Indian Rupees Seventy Nine Crore Twelve Lakhs Fifteen Thousand Six Hundred and Ten only) divided into 7,91,21,561 (Seven Crore Ninety One Lakhs Twenty One Thousand Five Hundred and Sixty One) Equity Shares of face value of INR l0/- (Indian Rupees Ten only) each to INR 83,22,41,250/- (Indian Rupees Eighty Three Crore Twenty Two Lakhs Forty One Thousand Two Hundred and Fifty only) divided into 8,32,24,125 (Eight Crore Thirty Two Lakhs Twenty Four Thousand One Hundred and Twenty Five) Equity Shares of face value of INR 10/- Indian Rupees Ten only) each.

Shares of Satin Creditcare Network Limited was last trading in BSE at Rs. 156.90 as compared to the previous close of Rs. 155.05. The total number of shares traded during the day was 17933 in over 662 trades.

The stock hit an intraday high of Rs. 159.10 and intraday low of 155.20. The net turnover during the day was Rs. 2827210.00.

Source : Equity Bulls

Keywords

SatinCreditcareNetwork INE836B01017 SharesAllotment FlorintreeVenturesLLP FundRaising