Udaipur: Standard Capital Markets Ltd. (BSE: 511700), a prominent Non-Banking Financial Company (NBFC), has announced its board’s approval for the allotment of Non-Convertible Debentures (NCDs) amounting to INR 15 crore through a private placement.
This development follows the company’s earlier announcement of a successful issuance of INR 5 billion in NCDs, aimed at fortifying its capital structure and advancing its growth objectives.
From the total issuance, INR 1.3 billion has already been strategically raised and deployed to enhance the company’s operational framework. The allocation is expected to bolster operational efficiency, increase capacity, and propel the organization along its growth trajectory.
Commenting on the success of the issuance, the management of Standard Capital Markets Ltd. stated, “The successful allotment of these NCDs underscores strong investor confidence in our BUSINESS model and growth strategy. Our deployment of INR 1.3 billion into operations reflects our commitment to driving operational excellence and reinforcing our market position. We are dedicated to delivering sustained value to our shareholders and customers.”
The remaining proceeds from the issuance are earmarked for strategic initiatives, including further expansion, meeting working capital requirements, and reducing existing liabilities.
This milestone highlights Standard Capital Markets Ltd.’s focus on leveraging financial instruments to achieve robust growth while maintaining a strong financial position.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.