Satin Creditcare launches alternative investment subsidiary

Satin Creditcare Network Limited's board approved the incorporation of wholly-owned subsidiary "Satin Growth Alternatives Limited" to enter the alternative investment space.

The new entity will serve as an investment manager and sponsor for Alternative Investment Funds. It will be incorporated in Haryana, India, with authorized capital of INR 3 crore, with Satin Creditcare providing 100% initial subscription at face value.

The move represents a strategic diversification of the company's revenue streams beyond its existing financial services operations.