Penny Stock Standard Capital Markets Raises ₹121 Crore via NCDs, Sets Sights on Global Expansion

Standard Capital Markets Ltd., a BSE-listed penny stock trading below ₹1, has raised ₹121 crore through the private placement of 12,100 secured non-convertible debentures (NCDs). The RBI-registered NBFC aims to use these funds to fuel its ambitious international growth, exploring overseas subsidiaries and strategic partnerships in major financial hubs. Despite its current price of just ₹0.41, SCML has delivered multibagger returns of over 900% in five years, though it remains volatile. The latest fundraising marks a major shift from its traditional domestic focus, positioning the company for a global footprint. The stock surged nearly 12% on heavy volumes following the announcement, reflecting renewed investor interest.

 

Source: Times Now, DSIJ