Mufin Green Finance to Raise ₹54.48 Cr via NCDs at 12.80% Interest on Private Placement Basis
By Shishta Dutta | Published at: Jul 8, 2025 05:38 PM IST
Delhi, July 8, 2025 — Mufin Green Finance Ltd (BSE: 542774) has announced a major fundraiser through private placement of secured, non-convertible debentures (NCDs) as approved by its Board Committee on July 5, 2025.
The NCDs to be raised will be unrated, unlisted, redeemable, taxable, transferable, totaling of ₹54.48 crore.
The share price of Mufin Green Finance closed at ₹86.03, witnessing a plunge of 0.76% as of July 8, 2025.
Key Fundraising Details
The company plans to issue the NCDs in tranches, with a maturity of 36 months from the respective allotment dates. These instruments will offer an annual coupon of 12.80%, payable on a quarterly basis, and will not be listed on any stock exchange.
| Particulars | Details |
|---|---|
| Type of Security | Secured, unrated, unlisted, redeemable, taxable, transferable NCDs |
| Mode of Issue | Private Placement |
| Total Issue Size | ₹54,48,00,000 |
| Listing Status | Not proposed to be listed |
| Tenure | 36 months from the date of allotment |
| Coupon Rate | 12.80% p.a. |
| Coupon Payment Frequency | Quarterly |
| Security | Hypothecation of Book Debts and Receivables |
| Redemption | Out of profits / fresh issue |
| Allotment & Maturity Dates | To be determined upon issuance |
The NCDs will be secured by hypothecation of book debts and receivables, ensuring asset-backed assurance to investors. The issuance complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular SEBI/HO/CFD/CFDPoDP/CIR/2023/123 dated July 13, 2023.
Strategic Outlook
This debt issuance aligns with Mufin Green Finance’s broader strategy to pursue alternative funding while maintaining cost-effectiveness in its green finance initiatives. The market performed strongly, underpinned by its coupon rate and general backing of the assets, sending a clear message about targeting increased capacity for green finance initiatives and adding another dimension to investor avenues.
Mufin Green Finance Ltd is a listed non-banking financial company (NBFC) focused on sustainable and green finance solutions. It is listed on BSE under scrip code 542774, and operates with a strong emphasis on EV financing and eco-conscious credit products. The company is headquartered in Delhi.
REF:https://nsearchives.nseindia.com/corporate/MUFIN_08072025154328_Disclosure.pdf
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