SFL Raises Rs 60 Crore via NCDs for MSME Lending Expansion
Satin Finserv Limited (SFL) has successfully raised Rs 60 crore through the issuance of non-convertible debentures (NCDs), attracting institutional investors such as mutual funds at a competitive coupon rate of 10.95% per annum. The funds will be used to expand SFL's core MSME lending operations and its Green Finance initiative. The NCDs, which have been assigned a long-term rating of A- (Stable) by ICRA, were issued to institutional investors such as mutual funds, banks, non-banking financial institutions, and family offices. The successful issuance highlights the trust in SFL's growth story, as stated by Dr. HP Singh, Director of SFL and Chairman of Satin Creditcare Network Limited. SFL is well capitalized with a capital to risk-weighted assets ratio (CRAR) of 36.83% and a debt to equity ratio of 2.46 times as on June 2025. As of the same period, SFL manages an assets under management (AUM) of Rs 582 crore, with MSME AUM at Rs 552 crore, serving around 69,000 clients across 11 states through 68 branches. The raised funds will support SFL's continued growth and expansion in its core MSME lending operations and Green Finance initiative. The strong interest from institutional investors reflects the confidence in SFL's financial health and growth prospects.
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