Mufin Green Finance Limited, an NBFC, reported Q1 FY24 results with consolidated total income of Rs 4,904.64 lakh and profit of Rs 318.46 lakh. The company issued debt worth Rs 27.2 crore through private placements in July. It allotted 94.65 lakh equity shares to warrant holders at Rs 55 per share. Acuité Ratings upgraded the company's credit rating to ACUITE A- (Stable). The statutory auditor, M/s. Tattvam & Co., has resigned effective August 14.
30Jul 25
Mufin Green Finance Raises Rs 10.45 Crore Through Private Placement of NCDs
Mufin Green Finance Limited has successfully raised Rs 10.45 crore through a private placement of non-convertible debentures (NCDs). The company issued 1,045 secured, unrated, and unlisted NCDs, each with a face value of Rs 1,00,000. The NCDs carry a coupon rate of 12.80% per annum, payable quarterly, with allotment on July 30, 2025, and maturity on August 2, 2028. DWM SDGs Credit Fund is the sole investor in this issue. The debentures are secured by hypothecation of the company's receivables and book debts.
26Jun 25
Mufin Green Finance Boosts Equity Base with Warrant Conversion
Mufin Green Finance has converted 46.40 lakh warrants into equity shares, potentially expanding its equity base and impacting its capital structure. This conversion may lead to dilution for existing shareholders but could strengthen the company's balance sheet. The move might also bring additional capital into the company and could be perceived positively by the market.
20Jun 25
Mufin Green Finance Raises ₹14.95 Crore Through Warrant Conversion
Mufin Green Finance has converted 36.25 lakh warrants into equity shares and raised ₹14.95 crore through a preferential allotment. This move strengthens the company's capital base, potentially alters its shareholding pattern, and enhances financial flexibility for future growth opportunities in the financial services sector.