Moneyboxx Finance crosses <span class='rupeeNews'>R<span>s</span></span> 500 cr AUM

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Thursday, May 2, 2024

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Moneyboxx Finance crosses Rs 500 cr AUM	Share Back
(04 Dec 2023)
Moneyboxx Finance crossed Rs. 500 crore assets under management (AUM) in November 2023 and attained a key milestone. The existing bankers support of the Company reached to the count of nine as Kotak Mahindra Bank got added to the list by sanctioning a term loan of Rs. 10 crore. As of today, the Company is backed by 30 lenders which includes 9 leading banks such as HDFC Bank, Federal Bank, State Bank of India and now, Kotak. Additionally, the Company also listed its Non-Convertible Debentures (NCD) amounting to Rs. 25 crore for the first time on BSE to diversify its funding profile. With the addition of listed NCD, the company will be able to tap resources through retail debt participation.
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