Satin Creditcare Network, a prominent microfinance institution in India, is set to enhance its promoter stake from 36.17% to 38.32% through the issuance of up to 38.5 lakh fully convertible warrants priced at ₹260 each, totaling ₹100 crore. This decision was approved by the company's board and aims to bolster the lender's capital base, facilitating its growth trajectory towards achieving a consolidated assets under management (AUM) target of ₹32,000 crore by 2030. The promoter group, Trishashna Holdings & Investments, currently holds a 34.32% stake, while Wisteria Holdings & Investments owns 0.29%. The issuance price reflects a 17% premium over the floor price of ₹222.82. Following the conversion of these warrants, the promoter shareholding will increase on a fully diluted basis. As of March, Satin's AUM was ₹15,174 crore, representing a 19% increase compared to the previous year. In addition to its core lending operations, Satin Creditcare also has subsidiaries focused on MSME lending and technology solutions. Following this announcement, Satin's share price rose by 3.1% to ₹242 on the Bombay Stock Exchange (BSE).