₹1 penny stock completes raising of funds through NCDs. Details here | Stock Market News

Penny stock Standard Capital Markets on Friday, December 20, informed through an exchange filing on the BSE that its board of directors approved the issuance of non-convertible debentures(NCDs) on a private placement basis for ₹15 crore.

“The board of directors of the company in its meeting held on December 20, has approved the allotment of 1,500 unrated, unlisted, secured NCDs of face value of ₹1,00,000 each at an issue price of ₹1,00,000 each aggregating to ₹15,00,00,000 on a private placement basis,” the company said in an exchange filing.