Moneyboxx shines on securing term loan worth Rs 50 crore from SBI to further boost financial inclusion efforts
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Moneyboxx Finance is currently trading at Rs. 174.55, up by 2.80 points or 1.63% from its previous closing of Rs. 171.75 on the BSE.
The scrip opened at Rs. 175.00 and has touched a high and low of Rs. 175.00 and Rs. 164.35 respectively. So far 814 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. 93.70 on 07-Dec-2021.
Last one week high and low of the scrip stood at Rs. 175.00 and Rs. 164.10 respectively. The current market cap of the company is Rs. 396.14 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 50 crore term loan from SBI for a period of 4 years. The company will utilize the funds for onward lending to the micro-entrepreneurs in the agricultural and allied sectors. This loan from SBI, along with continuous infusion of debt from existing 21 lenders, will ensure adequate liquidity in alignment with the company’s plans to ramp-up the AUM from over Rs 190 crore as of October 2022 to Rs 400 crore by Mar 2023.
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.
