Close Menu
    SIGN UP
    Media

    NBFC Standard Capital approves issuance of NCDs worth Rs 900 crore

    Standard Capital Markets is engaged in a variety of financial activities, including lending, securities, advisory services and more. The NBFC has approved the issuance of NCDs worth Rs 900 crore in one or more tranches on a private placement basis.
    By

    NBFC Standard Capital Markets Limited (SMCL) has announced the issuance of non-convertible debentures (NCDs) worth Rs 900 crore. 

    The company shares the details about the same via an exchange filing. The NBFC said that its board has approved a proposal for the issuance of NCDs having a face value of Rs 1,00,000 each, aggregating up to an amount of Rs 9,00,00,00,000 (Rs 900 crore) in one or more tranches on a private placement basis. 

    The NCDs will be issued in accordance with the provisions of Companies Act, 2013 and other applicable Regulations, the NBFC said, adding that the date of maturity would be May 30, 2030.

    https://www.etnownews.com/companies/nbfc-standard-capital-approves-issuance-of-ncds-worth-rs-900-crore-article-151542992

    Author

    Comments are closed.

    Share.

    Related Posts