StockWatch
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Non Banking Financial Company (NBFC)
Loan & Debt25 Sept 2026, 04:14 pm

Moneyboxx Finance Allots ₹60 Cr Debentures to 3 Investors

AI Summary

Moneyboxx Finance Limited announced the allotment of 6,000 Senior, Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) worth ₹60 crore on a private placement basis. The Working Committee of the Board approved the allotment on September 25, 2026, to three identified investors: Choice Finserv Private Limited (₹30 crore), Vakrangee Limited (₹15 crore), and Vivriti Capital Limited (₹15 crore). These NCDs have a tenor of 24 months, with a maturity date of September 25, 2028, and carry an interest rate of 10.75% per annum. The issue is secured by a first-ranking charge over certain identified receivables and/or fixed deposits. This move aims to strengthen the company's capital base and support its growth initiatives.

Key Highlights

  • Allotted 6,000 NCDs worth ₹60 crore via private placement.
  • Investors include Choice Finserv, Vakrangee, and Vivriti Capital.
  • Debentures are senior, secured, listed, rated, and redeemable.
  • Tenor of 24 months with 10.75% annual interest.
  • Issue secured by charge over receivables and fixed deposits.