Metro India News | Hyderabad :

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

Of the total funds Rs  1.3 billion has been raised and deployed towards expanding the company's operations. This investment is aimed at driving operational efficiency, increasing capacity, and supporting the company's growth.

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.

The firm 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 worth Rs 500 on a Private Placement basis.Earlier,the company announced a zero-cost EMI scheme for educational institutions to acquire interactive flat panels (IFPs).