Oxyzo Financial Services Raises Funds Through NCDs and PTCs, Eyes Future Growth

Oxyzo Financial Services, the financing unit of OfBusiness group, has recently made some major financial strides. The company raised INR 100 crore by way of secured non-convertible debentures (NCDs) with 9.75% per annum coupon rate due in February 2027. Oxyzo also authorized issue of NCDs up to INR 4 billion on private placement and PTCs up to INR 5 billion through special purpose vehicle. These fund-raising activities are in sync with Oxyzo's growth trajectory, with the company posting a net profit of INR 82.89 crore in Q3 FY25, higher by 11.38% compared to the year-earlier period. Having a loan book of INR 6,850 crore as of September 2024, Oxyzo is further consolidating its position in the SME lending space, with the possibility of listing in the future.

 

Source: Based on regulatory filings and recent financial reports.