1 week Ago By Samannay Biswas
Standard Capital Markets Limited (SCML) informed the stock exchanges over the weekend that its Board of Directors will meet on 30 April 2025 to consider a proposal for raising funds. The meeting will also review other potential business initiatives, the company said in a filing to the BSE on Saturday, 26 April.The company added that the meeting will be held with the permission of the Chairman and will comply with all applicable provisions laid down by the Securities and Exchange Board of India (SEBI).
Plans for Global Expansion Underway Separately, Standard Capital Markets recently announced plans to expand into international markets as part of a broader strategic initiative, subject to approvals from the Reserve Bank of India (RBI) and other regulatory authorities.SCML aims to establish foreign subsidiaries and form strategic alliances in key global financial centres. This expansion move is intended to enhance the company's portfolio of financial services and strengthen its international presence.
Focus Areas for International Business According to its announcement, Standard Capital Markets’ global operations will centre on:Secured and unsecured lendingTrade finance solutionsWealth management servicesThese offerings will cater to both individual and institutional clients. The company emphasised that obtaining the necessary permissions and certifications from regulatory authorities is essential before initiating international operations.Investment in Technology and ComplianceTo support its cross-border ambitions, SCML plans to invest heavily in upgrading its digital infrastructure and aligning with international compliance standards.
"SCML will upgrade its digital infrastructure and ensure compliance with international standards to support its cross-border operations," the company told exchanges. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Budget 2025, Companies,Companies, Business Economy and around the world..
