Satin Creditcare Network board approves promoter's equity infusion
- Source
- The Economic Times - Industry
- Source link
- https://economictimes.indiatimes.com/industry/banking/finance/satin-creditcare-network-board-approves-promoters-equity-infusion/articleshow/132836577.cms
- Published
- 2026-08-03 16:25:19
- Discovered by ProcIntel
- 2026-08-03 17:16:57
- Category
- Procurement & Supply Chain News
- Geography
- India
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
The promoter will infuse Rs 100 crore, taking its holding to 38.32% from 36.17%, people aware said. The company board approved the allotment of 38.5 lakh fully convertible warrants at Rs 260 apiece for cash. Satin received 25% of the payment upfront from the promoter, it said in a regulatory filing.
Procurement Relevance Gate
FAIL
— score 7.0/100 — evaluated 2026-08-03 17:16:57
Only geographic exposure matched — no substantive content indicator, so this cannot pass alone.
- geographic_exposure (weight 8) — matched on "1 linked geography"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.