Standard Capital Markets Ltd Announces Commitment of ₹3 Billion to Establish ARC

Standard Capital Markets Limited has made a public declaration of its willingness to set up an Asset Reconstruction Company (ARC) with a large commitment of ₹3 billion. This development is intended to boost its business capabilities and spread its wings wider in the Non-Banking Financial Company (NBFC) business. The firm has raised ₹5 billion earlier through Non-Convertible Debentures (NCDs), out of which a part was used to strengthen its operational infrastructure. The management highlighted that this new move is in line with their focus on driving operational excellence and creating long-term value for shareholders. The ARC setup is projected to place Standard Capital Markets well in the financial services sector so that it can take advantage of opportunities arising in the future and provide solutions to increasing demand for asset reconstruction facilities.

 

Source: Market Screener