This NBFC announces partial redemption of NCDs worth Rs 65 crore | Details here
Shares of Standard Capital Markets will be in focus on Tuesday, i.e. on April 15, 2025 when the market opens after three days of holiday as the company has announced the partial redemption of its secured non-convertible debentures (NCDs).
The company has informed the exchange that it has redeemed 656 NBCs worth Rs 10,00,000 each, for an aggregate amount of Rs 65.60 crore. The balance post redemption of 10 per cent secured NCDs shall be 1992, amounting to Rs 199.20 crore.
The development comes amid company’s effort for a broader restructuring initiative. The non-banking financial company (NBFC) has incorporated a wholly-owned subsidiary in the Dubai International Financial Centre (DIFC), aiming to tap trade finance and project financing opportunities across the Middle East and Africa.
Earlier, the company announced the alternate investment fund (AIF) business through its subsidiary Standard Capital Advisors Ltd. According to the information shared, the company will invest Rs 50 crore in the first scheme of the fund.
It also stressed that the company has plans to increase its investment in subsequent schemes.
“The company will invest Rs 50 crore in the first scheme of the fund, with plans to increase its investment in subsequent schemes. The fund is expected to deliver annual returns ranging from 15 percent to 20 percent, providing high-yield opportunities for its investors,” the company said.
Category III AIF, which focuses on providing high-risk, high-reward investment opportunities to institutional investors and high-net-worth individuals.
A Category III AIF, as recognized by the Securities and Exchange Board of India (SEBI), typically invests in complex financial instruments, including derivatives and structured products, and is designed to generate returns through a variety of strategies, including leveraged strategies, in the Indian capital market.
The Category III AIF will operate under the framework of the Securities and Exchange Board of India (SEBI), adhering to all regulatory guidelines to ensure transparency and governance.
News