Penny stock Standard Capital Markets on Friday, December 20, informed through an exchange filing on the BSE that its board of directors approved the issuance of non-convertible debentures on a private placement basis for ₹15 crore. "The board of directors of the company in its meeting held on December 20, has approved the allotment of 1,500 unrated, unlisted, secured NCDs …
Penny stock: Standard Capital Markets, a non-banking financial company, announced the issuance of non-convertible debentures worth ₹500 crore. Out of ₹500 crore worth of NCDs, the company said it has successfully raised and strategically deployed ₹130 crore towards enhancing and expanding the company's operations. Following this development, Standard Capital Markets share price was trading in the green, up 1.04 per …
Non-Convertible Debentures are fixed income securities listed with major stock exchanges in India. Amit Gupta, MD, SAG Infotech said corporates issue NCDs, which are fixed income securities, to obtain long-term capital through public offerings. Good quality NCDs available above 10% for a tenor of 3 year Manish Jeloka, Co-head of Products & Solutions, Sanctum Wealth said it makes sense to …
