Moneyboxx Finance Limited , a prominent player in the financial sector, has taken a significant step to bolster its capital base. The company's Working Committee has given the green light for the issuance of non-convertible debentures (NCDs) worth INR 40 crore through a private placement to identified investors.

Key Details of the NCD Issuance

Repayment Structure and Security

The NCDs come with a structured repayment plan, with 50% of the principal due at the end of the 21st month and the remaining balance payable on maturity. This structure allows Moneyboxx Finance to manage its cash flows effectively while providing investors with a clear repayment timeline.

To secure the debentures, the company will create a first-ranking exclusive and continuing charge over certain identified receivables. This security measure aims to maintain investor confidence and ensure the safety of their investments.

Listing and Regulatory Compliance

In line with regulatory requirements, Moneyboxx Finance will list these NCDs on the BSE Limited. This move enhances the liquidity of the instruments and provides transparency for investors. The issuance complies with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as intimated by the company to the stock exchange.

Implications for Moneyboxx Finance

This NCD issuance represents a strategic move by Moneyboxx Finance to raise capital for its operations. The successful placement of these debentures could provide the company with the necessary funds to support its growth initiatives and strengthen its financial position in the market.

For potential investors, the NCDs offer an interest rate of 10.25% per annum. However, as with all investments, interested parties should conduct their due diligence and consider their risk appetite before making any investment decisions.

As Moneyboxx Finance moves forward with this NCD issuance, market observers will be keen to see how the company utilizes these funds and the impact on its overall financial performance in the coming quarters.

Moneyboxx Finance Ltd has announced a strategic partnership with Water.org, aimed at enhancing Water, Sanitation, and Hygiene (WASH) financing in India. This collaboration marks a significant step towards creating affordable financing options specifically tailored for micro and small enterprises in the WASH sector.

Key Highlights of the Partnership

Implications for Small Enterprises

The partnership between Moneyboxx Finance and Water.org is set to have a significant impact on the WASH sector in India, particularly for micro and small enterprises. By focusing on creating affordable financing options, this collaboration aims to address the funding challenges often faced by smaller businesses operating in the water, sanitation, and hygiene space.

Water.org's Contribution

As part of this initiative, Water.org will play a crucial role in enhancing Moneyboxx Finance's capabilities. The international non-profit organization will provide:

• Technical support in product development
• Training to strengthen financing solutions

This expertise from Water.org is expected to enable Moneyboxx Finance to design and implement more effective and tailored financial products for the WASH sector.

Potential Impact

The partnership between Moneyboxx Finance and Water.org has the potential to:

• Improve access to finance for small WASH enterprises
• Encourage innovation in the WASH sector
• Contribute to better water and sanitation infrastructure in India
• Support the growth of micro and small enterprises in the WASH industry

As this collaboration unfolds, it will be interesting to observe its impact on both the financial landscape for small enterprises and the overall improvement in water, sanitation, and hygiene facilities across India.