Moneyboxx Finance raises Rs 60 cr via NCD issuance
Mumbai, Sept. 28 -- Moneyboxx Finance has raised Rs 60 crore through the issuance of
Non-Convertible Debentures (NCDs) subscribed by Choice Finserv, Vakrangee and Vivriti Capital, strengthening its liquidity position as the Company prepares to accelerate growth across its diversified lending platform.
The NCDs carry a coupon of 10.75% per annum, a tenor of 2 years, and are secured/rated BBB/Stable by CRISIL/India Ratings. The fresh debt capital will support Moneyboxx's growing disbursement pipeline across
its four growth engines - secured MSME lending, livestock finance, rooftop solar finance and digital lending.
Alongside its established branch-led business, Moneyboxx is scaling multiple partnership-led origination
channels, includi...
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