Hindon Mercantile Limited Acquires Convertible Warrants in Mufin Green Finance Limited
Hindon Mercantile Limited, along with Kapil Garg, Shelly Garg, Saurabh Garg, Pooja Garg, and Bima Pay Technology Private Limited, has acquired convertible warrants in Mufin Green Finance Limited on March 4, 2026. The acquisition was made through allotment of convertible warrants, which will ultimately be converted into equity shares.As of March 4, 2026, Hindon Mercantile Limited and its persons acting in concert held 9,37,35,653 shares representing 54.11% of the total share/voting capital and 54.11% of the total diluted share/voting capital of Mufin Green Finance Limited.
The acquisition involved 76,53,061 convertible warrants, which represents 3.72% of the total share/voting capital and 3.72% of the total diluted share/voting capital of Mufin Green Finance Limited.
Following the acquisition, the combined holding of Hindon Mercantile Limited and its persons acting in concert now stands at 10,13,88,714 shares, representing 49.26% of the total share/voting capital and 49.26% of the total diluted share/voting capital of Mufin Green Finance Limited. The equity shares have a face value of Rs. 1 each.
The total equity share capital of Mufin Green Finance Limited before the acquisition was 17,32,31,423, and has increased to 19,81,62,188 after the acquisition. The total diluted share/voting capital after the acquisition stands at 20,58,15,249.
Hindon Mercantile Limited is a promoter group company.
This acquisition has been disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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