Satin Creditcare Network Limited at its board meeting held on July 28, 2023 considered and approved the allotment of 1,500 (one thousand five hundred) senior, secured, rated, listed, taxable, redeemable, transferable, non-convertible debentures denominated in Indian Rupees, having a face value of INR 1,00,000 (Indian Rupees One Lakh) each and an aggregate face value of INR 15,00,00,000 (Indian Rupees Fifteen Crore) on a private placement basis; and) the terms and conditions for issuance of 2,683 (two thousand six hundred eighty three) Unlisted, Rated, Secured, Redeemable, Non-Convertible Debentures denominated in INR, having a face value of INR 1,00,000 (Indian Rupees One Lakh) each and an aggregate face value of INR 26,83,00,000 (Indian Rupees Twenty Six Crore Eighty Three Lakh) on a private placement basis. Tenure of Instrument: 48 (forty-eight) months approximately, Date of Allotment: August 9, 2023 and Date of Maturity: August 9, 2027. Coupon/Interest Rate is 10.85% (ten decimal eight five percent) per annum payable quarterly ("Interest Rate").
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