NBFC Stock Mufin Green Finance Issues Rs. 24.84 Cr NCDs; Do You Own?

Following the Board of Directors' announcement on Friday that rated, unlisted, secured, senior, redeemable, taxable, transferable, and nonconvertible debentures totalling Rs 24.84 Cr have been issued and assigned, the shares of the NBFC company Mufin Green Finance wrapped up the day up 0.27% at Rs 129.55 apiece.

"Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to our letter dated April 26, 2024, we wish to inform you that the Company has issued and allotted rated, unlisted, secured, senior, redeemable, taxable, transferable, nonconvertible debentures denominated in Indian Rupees through private placement having a face value of INR 1,00,000 each," said the company in a regulatory filing.

As a part of non-convertible debentures, 2,484 is the total number of securities issued / allotted for the total amount of Rs Rs. 24.84 Cr at an issue price of Rs. 1,00,000 per non-convertible debentures. The securities have been allotted to AAV Sarl and Masala Investment Sarl on 3rd May.

The issue has been issued at a coupon or interest rate of 10.90% with a date of maturity of 15th May 2025.

The shares of Mufin Green Finance marked a 52-week-high of Rs 273.10 on (08/02/2024) and a 52-week-low of Rs 35.00 on (09/08/2023). During the last trading session, the market caitalization of Mufin Green Finance reached Rs 1,956.14 Cr on BSE.

Mufin Green Finance is an India-based non-banking financial company non-deposit taking (NBFC-ND). The company has produced strong profit growth over the previous five years, with a 141% CAGR.