Moneyboxx Finance has received an approval to raise fund up to Rs 20 crore by way of issuance of Redeemable Non-Convertible Debentures (NCDs) on private placement basis. The Board of Directors of the company at its meeting held on November 25, 2019, approved the same.
The Board has also given an approval to raise funds up to Rs 20 crore by way of preferential issue of equity/ warrants.
Moneyboxx Finance is a Non Deposit taking Non-systemically Important Non Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of advancing loans and investing/trading in securities.
