Moneyview secures Rs 100 Cr debt, appoints independent directors

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Consumer lending platform Moneyview has raised Rs 100 crore (about $11.4 million) in debt from RevX Capital and Motilal Oswal and others. The infusion comes at a time when the company has been gearing up for a potential public listing. Moneyview also transitioned into a public entity in June.

According to the company’s filing with the Registrar of Companies (RoC), Moneyview’s board has issued 100 non-convertible debentures (NCDs) at a face value of Rs 1 crore each to raise Rs 100 crore.

RevX Capital led the round with Rs 45 crore, followed by…



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Moneyview secures Rs 100 Cr debt, appoints independent directors


Consumer lending platform Moneyview has raised Rs 100 crore (about $11.4 million) in debt from RevX Capital and Motilal Oswal and others. The infusion comes at a time when the company has been gearing up for a potential public listing. Moneyview also transitioned into a public entity in June.

According to the company’s filing with the Registrar of Companies (RoC), Moneyview’s board has issued 100 non-convertible debentures (NCDs) at a face value of Rs 1 crore each to raise Rs 100 crore.

RevX Capital led the round with Rs 45 crore, followed by…



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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