Mufin Green Finance Limited (MGFL) has announced a series of strategic moves aimed at expanding its business operations and strengthening its financial position. The company's board has approved several key decisions, including a significant acquisition, substantial fundraising through equity shares and warrants, and amendments to its business objectives.

Acquisition of Bimapay Finsure

MGFL has entered into definitive agreements to acquire a 19.16% stake in Bimapay Finsure Private Limited, a company operating in the Information Technology (IT) and IT-Enabled Services (ITES) sector. The acquisition, valued at approximately Rs 41.33 crore, will be executed through a share swap arrangement. This strategic move is expected to enhance MGFL's fintech capabilities, as Bimapay is already a fintech partner of the company.

Fundraising Initiatives

The board has approved a comprehensive fundraising plan totaling around Rs 490.00 crore, comprising:

1. Issuance of up to 3.48 crore equity shares at Rs 98.00 per share to non-promoter investors, aiming to raise Rs 341.44 crore.
2. Issuance of up to 76.53 lakh warrants at Rs 98.00 each to the promoter, Hindon Mercantile Limited, potentially raising Rs 75.00 crore.
3. Issuance of non-convertible debentures worth up to Rs 90.00 crore.

Key Details of the Fundraising Plan

Business Expansion

MGFL has also approved additions to its main object clause in the Memorandum of Association, incorporating Full-Fledged Money Changer and Authorized Dealer Category-II business activities. This expansion into currency exchange services signals the company's intent to diversify its financial service offerings.

Shareholder Approval and Timeline

An extraordinary general meeting is scheduled for November 29, 2025, to seek shareholder approval for these initiatives. The company expects to complete the proposed acquisition within the next 3-4 months, subject to customary conditions and regulatory approvals.

Impact and Outlook

These strategic decisions reflect MGFL's ambitious growth plans and its focus on strengthening its position in the fintech and financial services sector. The acquisition of Bimapay Finsure is likely to enhance the company's technological capabilities, while the substantial fundraising will provide the necessary capital for expansion and new business initiatives.

Investors and stakeholders will be keenly watching how Mufin Green Finance leverages these new resources and partnerships to drive growth and create value in the evolving financial services landscape.

Mufin Green Finance Limited , a company listed on the BSE (Scrip Code: 542774), has successfully raised Rs 50.00 crore through the issuance of non-convertible debentures (NCDs) in a private placement. This move highlights the company's efforts to secure funding for its operations and potentially expand its green finance initiatives.

Key Details of the NCD Issuance

Repayment Structure

The principal repayment for these NCDs is structured in two installments:

1. First payment of 50% on December 3, 2026
2. Second and final payment of 50% on February 3, 2027

Security

The debentures are secured by hypothecation of receivables and book debts of Mufin Green Finance Limited, providing a level of assurance to the investors.

Market Impact

Mufin Green Finance has addressed queries regarding recent share price movements. In a clarification to the BSE dated November 3, 2025, the company stated that it has been compliant with all disclosure requirements and attributes any price fluctuations to market conditions beyond its control.

This NCD issuance by Mufin Green Finance Limited demonstrates the company's ability to attract debt capital, which could be indicative of its growth plans or refinancing strategies. As the green finance sector continues to gain traction, such fundraising activities may become increasingly significant for companies operating in this space.

Investors and market watchers may keep an eye on how Mufin Green Finance utilizes these funds and its impact on the company's financial performance in the coming quarters.