Mufin Green Finance Allots Secured Non-Convertible Debentures in Private Placement
Mufin Green Finance Ltd has finalized the issuance of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs). The debenture allotment was conducted through a private placement and marks a significant funding event for the company.The issuance comprised a total of 1,900 non-convertible debentures, each bearing a face value of INR 1,00,000. The total issue size for these securities amounted to Rs. 19,00,00,000 (Rupees Nineteen Crore Only).
The NCDs are intended for listing on the BSE Limited and carry a fixed tenor of three years. The allotment was completed on June 15, 2026, with the maturity date set for June 15, 2029.
Key details regarding the secured debt instrument include:
| Particulars | Details |
|---|---|
| Type of Security | Non-Convertible Debentures |
| Issuance Method | Private Placement |
| Total Units Issued | 1,900 |
| Issue Size | Rs. 19,00,00,000 |
| Tenure of Instrument | 3 Years |
| Coupon Rate | 11.70% per annum |
| Charge/Security | Hypothecation of Receivables/Book Debts |
The payment structure for the debentures is defined as follows: interest payments will be made quarterly, while principal repayment will occur in two installments. The first installment of the principal (50%) is due on December 15, 2027, and the second and final installment (50%) is scheduled for June 15, 2029.
The transaction provides a secured instrument backed by a charge over the company's Receivables/Book Debts.
MUFIN Stock Price Movement
Shares of Mufin Green Finance Limited are rallying as of 1:40 PM, trading up 1.45% to reach ₹124.23. The stock maintains a strong intraday range, having traded between a low of ₹123.01 and a high of ₹125.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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