MUMBAI, 30th JULY, 2020 (GPN): Satin Creditcare Network Limited announces its Rights Issue of Rs. 60/- per fully paid-up equity share of face value of Rs. 10/- each including a premium of Rs. 50/- per equity share  for an aggregate amount of up to Rs. 120 crore. Total number of Rights equity shares to be issued is 1,99,82,667 partly paid-up equity shares of face value of Rs. 10/- each for amount aggregating to Rs. 119,89,60,020 /- in the rights entitlement ratio of 48 Rights Equity Shares for every 125 existing fully paid shares held by eligible equity shareholders as on record date Wednesday, August 5, 2020 for the purpose of determining the shareholders eligible to apply for the equity shares in the Rights Issue. Shareholders only need to pay Rs 15/- on application and Rs 45/- on one or more subsequent calls as may be determined by the Board/Committee of the Board, from time to time.

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