Moneyboxx Finance raises INR 500 million via NCDs, total INR 2.37 billion via NCDs in 4 months

Moneyboxx Finance Limited (Moneyboxx), a BSE-listed Non-Banking Finance Company that focuses on impact financing by providing business loans to small and micro entrepreneurs in rural and semi-urban India, announced the raise of INR 500 million via Non-Convertible Debentures (NCDs), arranged by Wint Wealth. In the preceding 4 months, the Company has raised INR 1.87 billion via NCDs.

With the current debt raise, the Company has raised a total of INR 2.37 billion via NCDs in 4 months. The magnitude of the raise via NCDs given the short duration demonstrates strong confidence in the Company's business model and growth prospects. The increase in debt capital will enable the Company to enhance outreach and impact in rural and semi-urban India, providing vital financial support to micro-entrepreneurs and contributing to their economic empowerment.

The Company is supported by 32 lenders, including prominent banks like State Bank of India, HDFC Bank and Kotak Mahindra Bank and has raised over INR 11 billion debt to date.

Shares of Moneyboxx Finance Ltd was last trading in BSE at Rs. 185.05 as compared to the previous close of Rs. 182.00. The total number of shares traded during the day was 3184 in over 42 trades.

The stock hit an intraday high of Rs. 186.95 and intraday low of 184.00. The net turnover during the day was Rs. 589281.00.

Source : Equity Bulls

Keywords

MoneyboxxFinance INE296Q01012 NBFC FundRaising NCDs WintWealth