The Company has redeemed its 307 NCD having face value of Rs 10,00,000 aggregating to Rs 307000000.
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Standard Capital Markets Ltd has redeemed 307 Non-Convertible Debentures (NCDs), each with a face value of Rs 10,00,000, taking the total redemption amount to Rs 30.7 crore. This means the company has fully repaid this set of NCDs, reducing its outstanding debt obligations. NCD holders will receive the face value back as per the redemption terms. The move reflects the company using its funds to clear debt rather than keeping it outstanding.
This debt redemption reduces the company's interest burden and overall liabilities, which is a positive sign for financial health. For shareholders, it may indicate strong cash position but also means cash outflow that could otherwise be deployed for business growth.