
Moneyboxx Finance saw its shares jump by 4% following the announcement of a term loan sanction of INR 500 million from three new lending partners: Indian Overseas Bank, Bajaj Finserv Limited, and Nabkisan Finance Limited, in Q3 FY25. The company also raised INR 820 million from existing partners, including HDFC Bank, AU Small Finance Bank, and Utkarsh Small Finance Bank.
With a growing network of 30 lending partners, including top banks like State Bank of India, HDFC Bank, and Kotak Mahindra Bank, Moneyboxx has raised over INR 10 billion in debt to date, ensuring strong funding visibility.
The company’s rapid expansion is evident, with 160 branches as of December 31, 2024, marking a 60% growth from March 2024’s 100 branches. These branches are strategically located across 12 states in North and South India, solidifying the company’s foothold in the Indian financial landscape.
Moneyboxx Finance shares opened at ₹205.10 and reached a high of ₹224.70, with the lowest point also at ₹205.10. The stock has seen significant fluctuations over the past 52 weeks, with a high of ₹373.00 and a low of ₹205.10.
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