Satin Creditcare Network's shares are trading at Rs. 211.10, marking a modest increase of 0.45 points or 0.21% compared to the previous close of Rs. 210.65 on the BSE.

The stock opened at Rs. 214.00 and has fluctuated between a high of Rs. 214.00 and a low of Rs. 210.30 during the day, with 11,694 shares changing hands.

This BSE group 'A' stock, which has a face value of Rs. 10, reached a 52-week high of Rs. 283.65 on January 11, 2024, and a 52-week low of Rs. 182.95 on March 13, 2024. Over the past week, the stock has seen a high of Rs. 216.30 and a low of Rs. 209.25. The company currently boasts a market capitalization of Rs. 2330.39 crore.

In terms of shareholding, the company's promoters hold 36.17%, while institutional investors and non-institutional investors hold 14.17% and 49.65% respectively.

Satin Creditcare Network Ltd. (SCNL) has successfully completed its first Pass-Through Certificate (PTC) transaction with HSBC India, valued at Rs. 119.12 crore at a 9.30% coupon rate.

This PTC transaction is part of SCNL's strategy to diversify its funding sources and strengthen its capital structure while maintaining its commitment to financial inclusion. Through securitization, SCNL aims to tap into new capital pools and bolster its liquidity, enabling the company to extend its services to micro-entrepreneurs across India.

The transaction involves a par structure, with the loan pool assigned to a trust in exchange for 87.5% of the pool's principal value. Series A1 PTCs will be issued for 87.5%, while 12.5% of the pool will serve as overcollateralization. The deal is set to mature by August 2026, as per the terms of the agreement.

Satin Creditcare Network is one of the leading microfinance institutions in Northern India and ranks as the third-largest microfinance institution in the country.