Transaction Details
Moneyview Limited has made a further investment of ₹250 crore (Rupees Two Hundred and Fifty Crore Only) in its wholly-owned subsidiary Whizdm Finance Private Limited. The investment was completed on October 15, 2026.
Investment Structure
The investment was made by way of subscription to 800,000 (Eight Lakh) equity shares of Whizdm Finance Private Limited at a face value of ₹10 per share with a premium of ₹3,115 per share. Total consideration per share: ₹3,125. Total investment amount: ₹250 crore.
Subsidiary Background
Whizdm Finance Private Limited is a non-deposit taking non-banking financial company (NBFC) engaged in the business of lending and advancing money. It was incorporated on March 27, 2017, and operates exclusively in India. For the financial year ended March 31, 2026, the subsidiary reported a turnover of ₹1,517.49 crore.
Ownership Impact
Post-investment, Whizdm Finance Private Limited continues to remain a wholly-owned subsidiary of Moneyview Limited. There is no change in the percentage of shareholding or control.
Purpose and Rationale
The investment is being made pursuant to the objects of Moneyview Limited's Initial Public Offering (IPO) as stated in the offer document. The primary purpose is to augment Whizdm Finance's capital base and enable it to expand its lending operations.
Regulatory Considerations
The transaction qualifies as a related party transaction since Whizdm Finance is a wholly-owned subsidiary. However, pursuant to Regulation 23(5)(b) of SEBI LODR Regulations, transactions between a holding company and its wholly-owned subsidiary whose accounts are consolidated are exempt from related party transaction provisions. The transaction was conducted on an arms' length basis and in the ordinary course of business.
Approvals Required
No governmental or regulatory approvals were required for this acquisition.
Additional Information
The Promoter/Promoter Group/Group Companies have no interest in Whizdm Finance Private Limited beyond what is disclosed.