Shareholders of NBFC Stock Standard Capitals Sold 2.24% Shares; Here's Why

Shares of Standard Capital Market have given a return of 2078 percent to investors in the last 1 year. Standard Capital Market has also approved the fund raising plan.

The company has informed the stock market that one of its shareholders, Cox Worldwide Consultants Private Limited, has sold 3.575 crore shares or 2.24 percent stake between January 16 and February 23.

Standard Capital Markets has told the stock market that the company has reduced its stake in Standard Capital by 2.24 percent through open market and off-market sale. Cox Worldwide Consultants Private Limited earlier had 15.49 percent stake in the company, which has now been reduced to 13.25 percent.

Shares of Standard Capital Markets, with a market cap of around Rs 448 crore, have a 52-week high of Rs 3.52 while a 52-week low of Rs 0.12.

The shares of Standard Capital Market, which started functioning in the stock market on February 17, 2012 at the level of three paise, have so far made investors rich by giving multibagger returns of 11100 percent.

This week, Standard Capital Markets has informed the stock market that its Board of Directors met on February 27 in which the plan to raise funds through equity shares or convertible securities has been approved. Standard Capital Markets Limited is working on a strategy to raise funds through preferential issue, rights issue or other means. The company is working on a plan to raise funds by talking to many institutions.

Incorporated in 1987, Standard Capital Markets Ltd is in the business of non-banking financial activities. The company provides a range of financial services, including secured and unsecured loans to individuals and MSMEs; dealing in securities/shares of companies, bonds and units investment in stock markets.