Penny stock below ₹1 raises ₹121 crore via allotment of NCDs on private placement basis

Penny stock below ₹1: Standard Capital Markets has approved the allotment of 12,100 non-convertible debentures to raise ₹221 crore. The penny stock settled at ₹0.41, down 2.35%, and has lost 78% in the past year. However, it has gained over 900% in the past five years.

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