Satin Creditcare's Working Committee approved a private placement of up to ₹84.46 crore in subordinated, unsecured NCDs.
The 84-month NCDs offer a 12.80% annual coupon, payable semi-annually, and are proposed to be listed on BSE.
The debentures will be redeemed in two instalments, with 99.99% principal repaid in May 2031 and the remainder in May 2033.