In an interview to CNBC-TV18, HP Singh, Founder and MD of Satin Creditcare Network discussed the company's qualified institutional placement (QIP) issue.
We have closed Rs 150 crore QIP right now, he said.
This QIP is fourth fund raising by the company. Our first QIP was before demonetisation in October then Asian Development Bank came in April. We did a small preferential raise with Capital First and that was a business and a strategic tie-up and now this raise is technically in terms of our growth, he added.