Allotment of NCDs worth Rs 19 Cr via private placement
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Mufin Green Finance allotted 1,900 secured, listed, redeemable NCDs via private placement, raising Rs 19 crore (face value Rs 1 lakh each). Coupon: 11.70% p.a., paid quarterly. Tenure: 3 years, maturing June 15, 2029, with principal repaid in two equal installments (Dec 2027 and Jun 2029). Secured by hypothecation of receivables/book debts. NCDs to be listed on BSE.
Adds Rs 19 Cr debt at 11.70% for 3 years; raises interest outflow, secured against receivables, dilutes no equity.