New Delhi, May 13 -- Standard Capital Markets announced on Tuesday, May 13, that it will raise Rs.130 crore by issuing non-convertible debentures (NCDs) on a private placement basis. The small-cap non-banking financial company (NBFC) considered and approved the allotment of 13,000 unrated, unlisted, secured NCDs with a face value of Rs. 1,00,000 each, at an issue price of Rs. 1,00,000 each, aggregating to Rs.130 crore on a private placement basis.

Penny stock under Re 1: Standard Capital Markets Share Price Trend

On Friday, shares of Standard Capital Markets settled 8.70 per cent lower at Re 0.42 apiece on the BSE. The penny stock has nosedived 11 per cent in five days, 23 per cent in one month, 58 per cent year-to-date (YTD), and 78 pe...