Moneyboxx Finance surges on planning to raise Rs 20 crore via NCDs

Moneyboxx Finance is currently trading at Rs. 172.90, up by 5.90 points or 3.53% from its previous closing of Rs. 167.00 on the BSE.

Moneyboxx Finance
Moneyboxx Finance

The scrip opened at Rs. 166.00 and has touched a high and low of Rs. 180.95 and Rs. 164.10 respectively. So far 1485 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 218.90 on 15-Jul-2022 and a 52 week low of Rs. 91.70 on 29-Oct-2021.

Last one week high and low of the scrip stood at Rs. 180.95 and Rs. 163.25 respectively. The current market cap of the company is Rs. 390.87 crore.

The promoters holding in the company stood at 58.61%, while Non-Institutions held 41.39% stake in the company.

Moneyboxx Finance is planning to raise funds by way of issuance of Rated, Unlisted, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) for an amount not exceeding Rs 20 crore.

The Board of Directors of the Company is scheduled to be held on October 14, 2022, inter alia, to consider and approve the same.

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.

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