Udaipur : Standard Capital Markets Ltd. (BSE: 511700) a leading player in Non-Banking Financial Company (NBFC), has announced that its board has approved the allotment of NCDs aggregating to INR 15 Cr on private placement basis.
Earlier, the company 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.
