Standard Capital Markets Ltd announces Sponsorship of Asset Reconstruction Company through Wholly-Owned Subsidiary

Standard Capital Markets Limited (SCML), a listed Non-Banking Financial Company (NBFC), is pleased to announce that it has sponsored an Asset Reconstruction Company (ARC) through its wholly-owned subsidiary, in line with its strategic vision of strengthening its presence in the financial services sector.

This sponsorship marks a significant milestone for SCML as it expands into the asset reconstruction and resolution space, contributing towards the effective management of stressed assets in the financial system. By establishing and supporting the ARC through a fully owned subsidiary, SCML aims to bring enhanced value creation, improved recovery mechanisms, and innovative solutions for stakeholders.

Management of Standard Capital Markets Limited said: "This initiative underscores our commitment to play an active role in the financial sector's growth story. With the sponsorship of an ARC through our wholly-owned subsidiary, we are well positioned to leverage our expertise, governance framework, and resources to support stressed asset resolution, thereby strengthening the overall credit ecosystem."

The ARC, backed by SCML's strong compliance culture and corporate governance practices, will focus on acquisition, management, and recovery of distressed financial assets, in alignment with RBI guidelines and industry best practices.

With this step, SCML reaffirms its mission to diversify its business operations, generate sustainable value for shareholders, and contribute to the stability of the Indian financial system.

Source : Equity Bulls

Keywords

StandardCapitalMarkets NBFC ARC