Mufin Green Finance approves NCD issuance worth up to Rs 125 crore via private placement
MUFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved in line with Nifty Microcap 250 and 1.3 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Mufin Green Finance's management committee approved issuing secured listed NCDs on private placement basis in two tranches. Tranche 1: up to Rs 50 crore including Rs 25 crore green shoe option at 11 percent coupon, monthly interest, 15 month tenure. Tranche 2: up to Rs 75 crore including Rs 25 crore green shoe option at 10.85 percent coupon with interest from 12th month, 15 month tenure. Total potential raise up to Rs 125 crore. NCDs to be listed on BSE and secured by first charge on identified receivables.
Company raising up to Rs 125 crore via secured NCDs to fund growth. Equity dilution risk is nil as NCDs are debt, but interest outflow will impact earnings.