This NBFC approves allotment of 72.45 crore equity shares post conversion of loan - Details

Non-banking financial company (NBFC ) Standard Capital Markets has informed exchanges that its board has approved the allotment of 72.45 crore shares on conversion of outstanding loans to non-promoters. The company allocated 72,45,74,640 equity shares with the face value of Re 1 apiece for an outstanding loan amount of Rs 94,19,47,032 at an issue price of Rs 1.30.

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