Akshata Sharma
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Listed lending tech startup MONEYBOXX FINANCE LIMITED is looking to raise INR 271 Cr (around $32.4 Mn) through a mix of preferential issue and warrants
In an exchange filing, Moneyboxx said that its board passed a special resolution to issue up to 52,45,736 equity shares on a preferential basis (preferential issue) at an issue price of INR 302.2 each to raise INR 158.52 Cr.
The company's board also approved the issuance of up to 37,37,745 warrants, convertible into equal numbers of equity shares, at an issue price of INR 302.2 each to raise INR 112.95 Cr, the filing added.
The Delhi NCR-based startup plans to use the fresh funds to fuel its growth and expand its reach in rural India.
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