Satin Creditcare Network Limited
Bandhan Mutual Fund decreased its stake in Satin Creditcare Network Limited from 1.81% to 1.71% by selling 1,07,094 shares. This transaction was executed in the context of a rights issue.
A leading microfinance institution providing financial services across rural and semi-urban India. The company offers microfinance loans, MSME financing, and housing finance through its subsidiary. It delivers business correspondent services to other financial institutions and operates across 23 states and union territories, serving approximately 95,000 villages through a dedicated network designed to reach underserved populations in remote areas.
Formerly IDFC Mutual Fund, rebranded after Bandhan Financial Holdings acquired IDFC's AMC in 2023. Manages over Rs 1.5 lakh crore. Known for strong debt and liquid funds, plus well-regarded equity offerings including the IDFC-lineage Sterling Value Fund and Focused Equity Fund. One of the cleaner transitions in Indian AMC ownership history.