New Launch8 Sept 2025, 05:31 pm
Standard Capital Markets Limited Announces Sponsorship of Asset Reconstruction Company through Wholly-Owned Subsidiary
AI Summary
Standard Capital Markets Limited (SCML), a listed Non-Banking Financial Company (NBFC), has sponsored an Asset Reconstruction Company (ARC) through its wholly-owned subsidiary. This move is in line with SCML's strategic vision of strengthening its presence in the financial services sector and contributing towards the effective management of stressed assets in the financial system. The ARC will focus on acquisition, management, and recovery of distressed financial assets, in alignment with RBI guidelines and industry best practices.
Key Highlights
- Standard Capital Markets Limited (SCML) has sponsored an Asset Reconstruction Company (ARC) through its wholly-owned subsidiary.
- This move is a significant milestone for SCML as it expands into the asset reconstruction and resolution space.
- The ARC will focus on acquisition, management, and recovery of distressed financial assets.
- This initiative underscores SCML's commitment to play an active role in the financial sector’s growth story.
- SCML's strong compliance culture and corporate governance practices will back the ARC.