{"id":978315,"date":"2025-12-04T08:28:39","date_gmt":"2025-12-04T02:58:39","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=978315"},"modified":"2025-12-04T09:05:57","modified_gmt":"2025-12-04T03:35:57","slug":"moglix-acquires-stake-in-nbfc-vanik-for-rs-80-crore","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/12\/04\/moglix-acquires-stake-in-nbfc-vanik-for-rs-80-crore\/","title":{"rendered":"Moglix acquires stake in NBFC Vanik for Rs 80 crore"},"content":{"rendered":"<p>Credlix, the lending subsidiary of Singapore-headquartered Moglix, an ecommerce portal for industrial goods, has invested Rs 80 crore in Vanik Finance for two-thirds stake in the Delhi-based non-banking finance company (NBFC). Moglix founder Rahul Garg told ET that the company has received the required approvals from RBI to acquire the stake and thereby convert Credlix into a regulated entity. Credlix was working as a loan sourcing platform and was operating as a partner to Vanik Finance. Now, armed with the NBFC licence, the company will start building its own loan book-Pratik Bhakta<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credlix, the lending subsidiary of Singapore-headquartered Moglix, an ecommerce portal for industrial goods, has invested Rs 80 crore in Vanik Finance for two-thirds stake in the Delhi-based non-banking finance company (NBFC). Moglix founder Rahul Garg told ET that the company has received the required approvals from RBI to acquire the stake and thereby convert Credlix into a regulated entity. Credlix was working as a loan sourcing platform and was operating as a partner to Vanik Finance. Now, armed with the NBFC licence, the company will start building its own loan book-Pratik Bhakta<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-978315","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/978315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=978315"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/978315\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=978315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=978315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=978315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}