2:1 Bonus Shares, 1:2 Stock Split: NBFC Stock In Red For 4th Day, Issues Update On Fundraising

Small cap NBFC sector company Mufin Green Finance shares hit back to back lower circuit in trade today (March 6, 2024) for fourth consecutive day. Last trading price of Mufin Green Finance shares on BSE is Rs 187.00 apiece with intraday fall of 4.98%. Mufin Green Finance has a market capitalisation of Rs 2,823.61 crore. Mufin Green Finance shares tanked 27% in last 1-month only and gained 229% in last 6-months.

Mufin Green Finance Schedules Board of Directors' Meeting For Fund Raising: Earlier, Mufin Green Finance announced on March 5 about its upcoming meeting of Board of Directors to be held on March 12, 2024 to consider and approve raising of funds via issue of foreign currency denominated bonds under the framework External Commercial Borrowings (ECB) or any other eligible instruments through private placement basis or such other permissible mode or combination thereof in accordance with the relevant provisions of applicable law and subject to approval of the applicable regulatory authorities.

Mufin Green Finance Approves Conversion Of 8.75 Lakh Warrant In Feb 2024: Mufin Green Finance earlier on Feb 19, 2024 considered and approved the conversion of 8,75,000 warrants into 8,75,000 equity shares of face value of Re 1/- each on preferential basis.

Mufin Green Finance Shares Performance & Return: The 52-week high price of Mufin Green Finance shares on BSE is Rs 273.10 and 52-week low price is Rs 34.19 apiece, respectively. Mufin Green Finance shares soared 67% in last 3-months, jumped 229% in last 6-months, surged 381% in last 1-year, and rose 1996% % in last 2-years. In last 3-years, Mufin Green Finance shares witnessed sure of 4707%.

Mufin Green Finance Financials: The company for the quarter ended December 2023 declared its standalone total revenue from operations at Rs 27.17 crore, up 155.12% as against Rs 10.65 crore reported in the corresponding quarter of last year. Mufin declared total income for the December 2023 quarter at Rs 27.21 crore, up 154.78% from Rs 10.68 crore declared in December 2022 quarter. Its net profit zoomed to Rs 4.55 crore, up 98.69% for December 2023 quarter as against Rs 2.29 crore reported in the similar quarter of preceding fiscal. Meanwhile, its EPS declared at Re 0.30 for December 2023 quarter from Re 0.15 in December 2022.

Mufin Green's Bonus Issue In 2023: Mufin Green Finance gave 1 bonus since July 7, 2023. The last Bonus that Mufin Green Finance declared was in the ratio 2:1 with ex-date of July 7, 2023, according to Trendlyne.

Mufin Green's Stock Split In 2023: The company approved 1:2 stock split in 2023 and fixed the "Record Date" as April 15, 2023.

About: Mufin Green Finance is a pioneer in climate financing solutions in India. It is contributing to the EV ecosystem of the country by providing loans for income generation through Electric Vehicles, Electric Charging Infrastructure, and Swappable Batteries. It has disbursed more than INR 300 crores till date towards electric vehicles. This has not only impacted the carbon footprint, but has also resulted in financial inclusivity, more income generation, and women empowerment, according to its official website.

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