India, Sept. 8 -- Standard Capital Markets Limited (SCML), a listed NBFC, has sponsored an Asset Reconstruction Company (ARC) through its wholly-owned subsidiary, marking its entry into the asset reconstruction and resolution space.
The move aligns with SCML's strategy to strengthen its presence in financial services by supporting the acquisition, management, and recovery of stressed assets. Backed by robust governance and compliance practices, the ARC aims to deliver improved recovery mechanisms, value creation, and innovative solutions for stakeholders, in line with RBI guidelines.
SCML management said the initiative underscores its commitment to diversifying operations, enhancing shareholder value, and contributing to the resilience of...