Mufin Green Finance Ltd to Raise INR 30 Crore via Non-Convertible Debentures

Mufin Green Finance Ltd's board has approved raising Rs 30 crore through non-convertible debentures. The funds will be raised via a private placement basis and are subject to regulatory approval. Mufin Green Finance, an NBFC with a focus on green financing, operates in 14 states in North India.

Green financing firm Mufin Green Finance Ltd on Tuesday announced board approval for a proposal to raise Rs 30 crore through non-convertible debentures.

The decision was taken at a board meeting on Tuesday, as stated in an exchange filing.

The committee of the Board of Directors has approved the funding through rated, unlisted, secured, senior, redeemable, taxable, transferable, non-convertible debentures denominated in Indian rupees to be issued on a private placement basis, totaling up to INR 30 crore, the company disclosed.

The proposal is still subject to regulatory approval.

Mufin Finance Green, listed on the BSE, focuses on green financing, including EV fast chargers and swappable batteries, as an NBFC. The company operates across 14 states in Northern India.

(With inputs from agencies.)