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Satin Creditcare Networks allots commercial papers of Rs25cr

CP’s are not supposed to be listed and have a tenure of 164 days.

January 18, 2022 4:00 IST | India Infoline News Service
Satin Credit
Satin Creditcare Networks Limited on Monday allotted Commercial Papers (CPs) of Rs25cr. CP’s are not supposed to be listed and have a tenure of 164 days. The date of maturity is June 30, 2022, with a coupon rate of 9.95% per annum, the company said in a filing on Tuesday. 

Satin Creditcare Network Ltd ended at Rs85.50 per share down by Rs0.45 or 0.52% from its previous closing of Rs85.95 per share on the BSE.
The scrip opened at Rs86.05 and has touched a high and low of Rs88.40 and Rs84.20 respectively. 

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