India, March 25 -- Logistics company BlackBuck has infused INR 40 Cr in its NBFC subsidiary Blackbuck Finserve Pvt Ltd (BFPL) through a rights issue.

In an exchange filing, the company said that it has invested the sum towards the subscription of 50 Lakh equity shares of BFPL with a face value of INR 10 and a premium of INR 70 each.

The NBFC is a wholly owned subsidiary of BlackBuck parent Zinka Logistics.

BlackBuck said that the investment is part of its strategy to augment the NBFC's capital base.

It is pertinent to note that BlackBuck said in its red herring prospectus (RHP), filed in November last year, that it planned to invest INR 140 Cr in BFPL post its IPO. The said investment was to be carried out in the form of debt or equit...