BlackBuck Infuses INR 40 Cr In Vehicle Financing Business

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…