Moneyboxx Finance to raise Rs 100 crore this fiscal, first tranche likely in May

Moneyboxx Finance to raise Rs 100 crore this fiscal, first tranche likely in May

Moneyboxx Finance to raise Rs 100 crore this fiscal, first tranche likely in MayApr 17, 2022, 04:52 PM IST

The non-banking finance company plans to raise the capital in two phases. It is in the process of raising Rs 20 crore next month from high-net worth individuals. This would be followed by another Rs 80 crore equity raising later in the fiscal from institutional investors, said Deepak Aggarwal, co-founder and co-chief executive officer.

HDFC Bank to raise Rs 50,000 cr via bonds; re-appoints Renu Karnad as directorApr 16, 2022, 09:48 PM IST

The funds will be raised in the period of next 12 months through private placement mode, subject to approval of shareholders among others.

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