Corporate Development     

Published: December 15, 2024
Updated: December 15, 2024

Standard Capital Markets Ltd

Issues Rs. 5 billion NCDs, Deploys Rs. 1.3 billion towards operations

Standard Capital Markets Ltd. (BSE: 511700) a leading player in Non-Banking Financial Company (NBFC), has announced the successful issuance of INR 5 billion in Non-Convertible Debentures (NCDs) to strengthen its capital structure and support its growth initiatives.

Of the total funds INR 1.3 billion has been successfully raised and strategically deployed towards enhancing and expanding the company’s operations. This investment is aimed at driving operational efficiency, increasing capacity, and supporting the company’s continued growth trajectory

Commenting on the issuance, Management of Standard Capital Markets Limited, said, “The successful issuance of these NCDs is a testament to the strong investor confidence in our business model and growth prospects. The deployment of INR 1.3 billion towards operations is part of our ongoing commitment to enhancing operational excellence and strengthening our market position. We remain focused on delivering long-term value for our shareholders and customers.”

The company plans to utilize the remaining proceeds from this issuance for various strategic purposes, including further expansion, working capital needs, and reduction of existing liabilities.

Standard Capital Markets Limited is confident that this funding will position the company for sustained growth, innovation, and enhanced shareholder value.

The board had approved the issuance of up to 50,000 Secured, Unlisted, Unrated, Redeemable NCDs, aggregating up to an amount of INR 500 Cr in one or more tranches on a Private Placement basis.

Earlier, the company announced a zero-cost EMI scheme for schools and educational institutions to acquire interactive flat panels (IFPs). This initiative is set to revolutionise the way teaching is conducted, offering students and teachers an enriched, tech-driven learning experience.

Standard Capital Markets Limited is a leading player in the financial services sector. Embracing the uniqueness of each client, the company consistently strives to deliver personalized, professional services. It upholds an unwavering commitment to every client while adhering rigorously to the best professional norms and practices, exuding dynamism in every interaction. The company offers a diverse range of Personal Loans, ensuring not only competitiveness but also flexible repayment terms. With their support, clients can confidently pursue their goals without confusion or worry. For businesses seeking financial support, the company extends Business Loans with flexible overdraft options.