The board of Satin Creditcare Network will meet on Thursday to announce the price of the ongoing qualified institutional placement issue. The QIP issue was open for subscription on September 26. The Delhi-based microlender plans to raise ₹150 crore through the issue, which has greenshoe option as well to retain ₹100 crore if it receives surplus demand. Traders will focus on the issue price. Shares may react negatively, if the price is at a steep discount to current price.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.