Moneyboxx Finance gains on securing Rs 20 crore term loan from Maanaveeya
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Moneyboxx Finance is currently trading at Rs. 154.25, up by 1.35 points or 0.88% from its previous closing of Rs. 152.90 on the BSE.
The scrip opened at Rs. 153.00 and has touched a high and low of Rs. 154.95 and Rs. 153.00 respectively. So far 24246 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. 112.70 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 173.95 and Rs. 125.25 respectively. The current market cap of the company is Rs. 361.03 crore.
The promoters holding in the company stood at 58.61%, while Non-Institutions held 41.39% stake in the company.
Moneyboxx Finance has secured Rs 20 crore term loan from Maanaveeya Development & Finance (Maanaveeya), an Indian subsidiary of Oikocredit, a 40-year-old Global Development Financing Institution that responds to the needs of businesses that create jobs and income for disadvantaged people. The company will utilize the funds for onward lending to the micro entrepreneurs.
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.
