BlackBuck Infuses INR 40 Cr In Vehicle Financing Business

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SUMMARY

BlackBuck said that it has invested the sum towards the subscription of 50 Lakh equity shares of BFPL with a face value of INR 10 each

BlackBuck said that the investment is part of its strategy to augment the NBFC’s capital base

BFPL facilitated disbursements of 5,109 loans amounting to INR 252.76 Cr as of June 31, 2024

Logistics company BlackBuck has infused INR 40 Cr in its NBFC subsidiary Blackbuck Finserve Pvt Ltd (BFPL) through a rights issue. 

In an exchange filing, the company said that it has invested the…



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BlackBuck Infuses INR 40 Cr In Vehicle Financing Business


SUMMARY

BlackBuck said that it has invested the sum towards the subscription of 50 Lakh equity shares of BFPL with a face value of INR 10 each

BlackBuck said that the investment is part of its strategy to augment the NBFC’s capital base

BFPL facilitated disbursements of 5,109 loans amounting to INR 252.76 Cr as of June 31, 2024

Logistics company BlackBuck has infused INR 40 Cr in its NBFC subsidiary Blackbuck Finserve Pvt Ltd (BFPL) through a rights issue. 

In an exchange filing, the company said that it has invested the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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