Moneyboxx Finance surges on raising Rs 25 crore through NCDs
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Moneyboxx Finance is currently trading at Rs. 266.50, up by 2.00 points or 0.76% from its previous closing of Rs. 264.50 on the BSE.
The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 279.90 and Rs. 260.00 respectively. So far 3850 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 308.00 on 20-Nov-2023 and a 52 week low of Rs. 125.25 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 308.00 and Rs. 259.00 respectively. The current market cap of the company is Rs. 682.09 crore.
The promoters holding in the company stood at 55.11%, while Non-Institutions held 44.89% stake in the company.
Moneyboxx Finance has raised Rs 25 crore through the allotment of 2,500 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs) on Private Placement basis at a face value of Rs 100,000 per NCD to the identified investor. The Board of Directors of the company has on November 24, 2023, approved allotment of 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.
