This NBFC approves issuance of non-convertible debentures worth Rs 900 crore: Check details

Non-convertible debentures (NCDs) are fixed-income instruments with fixed interest rates and issued for specific terms. As the name suggests, NCDs cannot be converted into equity shares. It is generally not backed by any collateral and thus highly depend on the creditworthiness and reputation of the issuer. They help companies accumulate long-term capital appreciation and also offer relatively higher interest rates to investors. Non-banking finance company Standard Capital Markets Limited is news as it has announced the issuance of non-convertible debentures worth Rs 900 crore. 

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