ALPHA TRIBE

Moneyboxx Finance LtdUpdates, 08-05-2025: Company Update

08-05-2025 | 05:37 pm

Moneyboxx Finance Limited has announced a board meeting on the allotment of 32,000 rated, listed, senior, secured, redeemable, non-convertible debentures worth INR 32 Cr via private placement. These debentures carry a 12% annual interest payable monthly, with principal repayment in two equal instalments over 18 months. The debentures are secured by a first charge on identified receivables. Delay in interest or principal payments attracts a 2% penalty p.a. above the coupon rate. This fundraising strengthens Moneyboxx’s secured funding, supporting its lending operations and potentially benefiting investors seeking fixed income options.

No comments yet. Be the first to comment!

All announcements from Moneyboxx Finance Ltd