Share Market News: Standard Capital Shares Gain As Company Approves Rs 401.50 Crore NCDs

The 30-share BSE Sensex jumped 597.77 points to hit a new lifetime high of 80,039.22. The Nifty climbed 168.3 points to hit a fresh record peak of 24,292.15.

The 30-share BSE Sensex jumped 597.77 points to hit a new lifetime high of 80,039.22. The Nifty climbed 168.3 points to hit a fresh record peak of 24,292.15. Updated: July 3, 2024 3:44 PM IST By Shares of NBFC company Standard Capital Markets Ltd are in focus today as the company has informed exchanges that its board has approved Non-convertible debentures (NCDs) in the form of a public issue to accumulate long-term capital appreciation. The counter opened in green and was trading 1.20% higher at Rs 1.68 apiece. “Considered, approved the issuance of Secured, Unlisted, Unrated, Redeemable Non-convertible Debentures (“NCDs”) having a face value of INR 10,00,000 (Indian Rupees Ten lakh) each, aggregating up to an amount of INR4,01,50,00,000/- (Indian Rupees Four Hundred One Crores Fifty Lakhs Only) in one or more tranches on a Private Placement basis,” the company said in an exchange filing. As per the information available, the tenure of the issue is 84 months and/or March 31 2031 whichever is earlier while 31st March 2031 will serve as the date of maturity. Meanwhile, equity benchmark indices started the trade on an optimistic note on Wednesday, with the Sensex breaching the historic 80,000-mark for the first time ever and the Nifty hitting its fresh lifetime high, amid heavy buying in bank stocks and firm global market trends. The 30-share BSE Sensex jumped 597.77 points to hit a new lifetime high of 80,039.22. The Nifty climbed 168.3 points to hit a fresh record peak of 24,292.15. Among the Sensex pack, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, IndusInd Bank, Bharti Airtel and Nestle were the biggest gainers. Tata Consultancy Services, Sun Pharma, Infosys and Tata Motors were among the laggards. In Asian markets, Seoul, Tokyo and Hong Kong were trading in the positive territory while Shanghai quoted lower. US markets ended higher on Tuesday. The BSE benchmark declined 34.74 points or 0.04 per cent to settle at 79,441.45 in a volatile trade on Tuesday. During the day, it jumped 379.68 points or 0.47 per cent to hit a record peak of 79,855.87. For breaking news and live news updates, like us on or follow us on and . Read more on Latest on . Topics