09 Jan 2025

Enbee Trade and Finance Eyes Strategic Partnership with Micro Money to Boost Digital Lending

Enbee Trade and Finance has shown a slight uptick in its stock value, trading at ₹12.18, up by 0.02 points or 0.16% from the previous close of ₹12.16 on the Bombay Stock Exchange (BSE).

The stock opened at ₹12.62 and recorded an intraday high of ₹12.64 and a low of ₹11.91, with 25,560 shares exchanged during the day. Categorized under the BSE 'XT' group, the ₹10 face-value stock has seen a 52-week high of ₹27.90 on January 10, 2024, and a low of ₹9.29 on October 25, 2024. Over the past week, its high and low were ₹14.29 and ₹11.74, respectively, and the company’s market capitalization stands at ₹58.83 crore.

With promoter holdings at 36.43% and non-institutional investors owning 63.57%, Enbee Trade and Finance is progressing towards a strategic partnership with Micro Money, a key player in the digital lending sector headquartered in the National Capital Region (NCR).

This collaboration aims to revolutionize the lending process by introducing advanced app-based digital loans, specifically targeting underserved communities. The partnership will leverage cutting-edge technology to offer a seamless, secure, and efficient digital lending experience. Customers will benefit from a simplified process with rapid loan approvals and minimal manual intervention.

By focusing on financial inclusion and leveraging scalable digital platforms, Enbee Trade and Finance is set to strengthen its position in the lending industry while bridging the financial gap for emerging market segments. Based in Maharashtra, the company operates in the finance and investment sector.