Satin Creditcare up 4%, increases investment limit of FPI to 49%

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26 Aug, 2025 12:21

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Moneycontrol BureauShare prices of Satin Creditcare Network gained more than 4 percent intraday Friday as it has increased the investment limit of foreign portfolio investors (FPI) from 24 percent to 49 percent.The board also approved the acquisition of Taraansha Services (TSPL) as a wholly owned subsidiary by purchase of entire shareholding of TSPL from its existing shareholders through share swap.The company approved fund raising of up to Rs 250 crore through public and/or private offerings and/or on preferential allotment basis.The company also approved voluntarily delisting of shares of the company from the Calcutta Stock Exchange.At 09:29 hrs Satin Creditcare Network was quoting at Rs 514.65, up Rs 11.80, or 2.35 percent on the BSE.Posted by Rakesh Patil