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Qualified Institutions Placement of Satin Creditcare Network Limited

Deal
January 4, 2024

JSA advised Satin Creditcare Network Limited (the “Company” or “Satin Creditcare“) and JM Financial Limited in the qualified institutions placement of equity shares of the Company (“QIP”). Satin Creditcare is amongst the top 10 leading NBFC-MFIs in India in terms of AUM (Source: CRISIL Report). The Company had filed a placement document on December 19, 2023, for the issue of 1,08,36,584 equity shares to qualified institutional buyers aggregating to ₹ 25,000.00 lakhs. As per reports, the QIP of Satin Creditcare was oversubscribed ~1.9x.

Deal value: 250 Crores

Our Transaction Team Comprised Lead Partner – Madhurima Mukherjee Saha, Partner – Mathew Thomas, Senior Associate – Sagar Batra, Associates – Bhavini Mohan, Bhavya Upadhyay, Rishika Kharbanda, Sanat Goel and Manan Tongra.

POST TAGS

Tags Banking and Financial Services, Capital Markets, Finance, JSA, Leading Law Firm, Leading Lawyers, QIP, Shares

Madhurima Mukherjee (Saha) Partner

Madhurima has more than 20 years of experience in securities offerings in the domestic and international markets including initial public offering, further offers, rights offer, qualified institutions placement, InVITs, block trades.

Sagar Batra Senior Associate

Sagar advises clients on transactional and corporate advisory matters. He has experience in advising clients on Indian securities law, corporate laws, foreign exchange control laws, and capital markets transactions (including public offerings, qualified institutions placements, rights issues, foreign currency bonds issuances, and offerings by InvITs).

Sanat Goel Associate

Sanat is an Associate at the New Delhi office of JSA. He graduated from law school in 2022 and his primary experience area is capital markets transactions and securities law.