Microfinance company Satin Creditcare Network's promoters are all set to raise their holding to 38.32% from 36.17% with the company board approving issuance of warrants on preference.The company will issue up to 38.5 lakh fully convertible warrants to the promoter and promoter group at Rs 260 per warrant, aggregating to Rs 100 crore, it informed the stock exchanges."Our target is to reach a consolidated group assets under management of Rs 32,000 crore by 2030, and this capital infusion is a meaningful step in that journey," Satin founder cum chairman HP SIngh said.Singh has no shares in the company while his family members own 1.56%. The promoter group Trishashna Holdings & Investments has 34.32% interest while Wisteria Holdings & Investments owns 0.29%.The issue price represents about 17% premium over the floor price of Rs 222.82.Post conversion, promoter shareholding will increase to 38.32% on a fully diluted basis, according to the regulatory filing.Each warrant is convertible into one fully paid-up equity share of face value Rs 10, exercisable within 18 months of allotment. The proceeds from this issuance will strengthen the lender's capital base and support business growth.The group's assets under management stood at Rs 15174 crore at the end of March, reflecting a 19% year-on-year expansion. On a standalone basis, Satin is the fourth largest in the NBFC-MFI space having AUM of Rs 12853 crore.Satin has an MSME-focused lending subsidiary -- Satin Finserv, a technology subsidiary -- Satin Technologies and an alternative asset management platform.Satin's share price jumped 3.1% Thursday to Rs 242 on BSE.