Corporate Development     

Published: January 31, 2025
Updated: January 31, 2025

Standard Capital Markets Limited

Additional deployment of Rs. 0.71 billion to enhance operations

Standard Capital Markets Ltd. (BSE: 511700) a leading player in Non-Banking Financial Company (NBFC), in continuation of its previous press release dated 17th December 2024, is pleased to announce an additional deployment of INR 0.71 billion towards its operations, complementing the earlier deployment of INR 1.3 billion.

This investment comes as part of the company’s strategic initiatives following the successful issuance of INR 5 billion Non-Convertible Debentures (NCDs). The company has effectively raised and allocated INR 2.01 billion towards further strengthening its operational infrastructure. The focus of this deployment is on enhancing operational efficiency, scaling up capacity, and supporting the company’s overall growth trajectory

The management of Standard Capital Markets Limited added, “The successful issuance of these NCDs reaffirms strong investor confidence in our business model and growth prospects. Deploying INR 0.71 billion towards our operations aligns with our commitment to driving operational excellence and fortifying our market position. Our focus remains on generating long-term value for our shareholders and customers.”

In addition to the operational enhancements, the remaining proceeds from the NCD issuance will be allocated for various strategic initiatives, including expansion efforts, working capital requirements, and the reduction of existing liabilities.

Standard Capital Markets Limited remains confident that these strategic investments will position the company for sustainable growth, innovation, and enhanced shareholder value. The company’s leadership is committed to continuing its focus on long-term value creation for both its customers and stakeholders. The company also approved the allotment of 5600 unrated, unlisted, secured NCDs, of face value of Rs. 1 Lakh each at an issue price of Rs. 1 Lakh each aggregating to INR 56 Crores.

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.