Corporate Feature     

Published: July 15, 2024
Updated: July 15, 2024

Standard Capital Markets Ltd.

Board approves raising Rs. 401.50 crore via NCDs

Standard Capital Markets Ltd. (BSE: 511700), a leading player in the financial services sector, has announced that its board has approved the proposal of fund raising. The board approved the issuance of Secured, Unlisted, Unrated, Redeemable Non-convertible Debentures (“NCDs”) aggregating up to an amount of INR 401.50 Cr in one or more tranches on a Private Placement basis, in accordance with the provisions of Companies Act, 2013 and applicable Regulations.

Through this strategic partnership, Standard Capital Markets Limited will leverage the fintech company’s innovative platform and expertise in student financing to offer competitive loan options tailored to the needs of students. The loans will cover tuition fees, living expenses, and other educational costs, ensuring that financial constraints do not hinder students from receiving a quality education.

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.

The company empowers clients to stay ahead of the competition by providing prompt financial assistance, fostering business growth with ease. The Flexi Overdraft feature simplifies cash flow management, allowing easy access to funds as needed, and eliminating the complexities of traditional loan applications.

Upcoming products from Standard Capital Markets Limited include Fee Financing and Gold Loans. The Fee Financing offerings cater to aspiring students and parents, simplifying educational expenses. The tech-driven platform enables swift and effortless applications for fee financing, ensuring accessible and affordable education for all. Simplified Gold Loans offered by the company provide an instant solution for urgent financial requirements, leveraging gold holdings without delays or excessive paperwork.

The company is dedicated to nurturing a culture of learning and progress, reflected in its offerings of Educational Loans. It is an upcoming product aimed at supporting aspiring learners in accessing quality education. With a focus on flexible repayment options, the company alleviates financial constraints for students, enabling them to pursue academic aspirations. Its financial assistance endeavors ensure academic pursuits are within reach, offering competitive interest rates and streamlined online application processes.

In line with its commitment to empowerment, the company is working towards extending Agriculture Loans (upcoming product), recognizing farmers as the cornerstone of the Agriculture Loan offering. Timely financial assistance for various farming activities, including crop cultivation, equipment purchases, and farm modernization, among others, underscores the company’s dedication. The advanced loaning platform will ensure transparency and minimal formalities, facilitating instant access to funds for all contributors to India’s agrarian sector.