Khaitan & Co advised IFMR Capital Finance Private Limited and Satin Creditcare Network Limited in relation to securitisation of portfolio of priority sector loans (loans qualifying for “Agriculture, Agriculture Allied Activities and Weaker Section” category) originated by Satin Creditcare Network Limited and investment by RBL Bank Limited through certificates issued by the securitisation trust.
IFMR Capital is a leading A+/A1+ non-banking finance corporation providing the crucial link between debt capital markets and high quality Originators who reach the emerging consumer and business owner. Satin Creditcare Network Limited (SCNL) was formed in 1990 as a Non-Banking Finance Company (NBFC) with the concept of providing individual loans to urban shopkeepers for tiny businesses.
Manisha Shroff, Associate Partner and Nikita Nehriya, Associate represented the client on the transaction.