Other Deals - Listed Firms
Lender to rural businesses Moneyboxx Finance raises Rs.176-Cr
BSE-listed, Mumbai-headquartered non-banking finance company (NBFC) Moneyboxx Finance Ltd has raised INR 176 crore. The additional capital will allow the company to invest in technology, improve operational efficiencies, and further strengthen its position in rural India.The capital raised includes INR 63 crore through a preferential equity issue and INR 113 crore through equity warrants from promoters and non-promoters. The company has received INR 91 crore of the committed amount, with the balance INR Rs 85 crore expected within 18 months.Founded in 1994 as Dhanuka Commercial Pvt Ltd, the company was converted to a public limited company in 2014 and renamed Moneyboxx Finance Ltd in 2019. With 123 branches across 11 states, the NBFC provides business loans to small entrepreneurs, with a focus on women, livestock-rearing communities, and new borrowers.
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