Melorra To Raise INR 9.3 Cr From Lightbox, Beeline Impex & Others

Date posted: Friday 3 July 2020

Lightbox, through Lightbox Ventures II and Lightbox Expansion Fund, is investing around INR 7.57 Cr. Beeline Impex and Chowdry Associates are investing INR 75 Lakh and INR 1 Cr respectively. As part of the transaction, Melorra is issuing 1,077 debentures to Lightbox, 108 debentures to Beeline Impex Private Limited and 144 debentures to Chowdry Associates. The price per debenture for the deal stood within a range of INR 68,971 to INR 78,933 with a nominal price of INR 100.

(Inc42)