 "Micro lenders turn the page with banking licences")
Satin Creditcare Network (SCNL) soared 18% to 512, its fresh 52-week high on BSE in noon deal trade, after the company said Kora Management LP (Kora) – a global emerging markets investment firm – has made an equity investment of Rs 800 million in SCNL to support the company’s growth and digital initiatives as a financial services provider to rural and semi-rural India.
The investment by Kora is part of the recently concluded capital raise of Rs two billion via a preferential allotment. With this transaction, Daniel Jacobs, co-founder and senior partner at Kora, will be joining SCNL’s board
The investment by Kora is part of the recently concluded capital raise of Rs two billion via a preferential allotment. With this transaction, Daniel Jacobs, co-founder and senior partner at Kora, will be joining SCNL’s board
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