Mufin Green Finance allots 100 crore NCDs at 11 percent via private placement
MUFIN · price
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On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.8 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mufin Green Finance allotted 1 lakh secured, rated, listed NCDs via private placement, raising Rs 100 crore. Face value Rs 10,000 each, coupon 11 percent per annum, tenure about 15 months maturing Sep 12, 2027. Coupon paid in last 4 months, principal repaid in 4 equal installments starting Jun 2027. Secured by hypothecation of receivables, listed on BSE.
Company raises Rs 100 crore through 11% NCDs, raising interest costs but funding growth without diluting equity shareholders.