Mufin Green Finance Secures Rs 324 Crore to Fuel Sustainable Growth

Mufin Green Finance raised Rs 324 crore through equity shares and warrants issuance, enhancing its balance sheet and lending capacity. This capital infusion supports growth in impact financing, including insurance premium financing and salary advances. The round saw contributions from institutional investors and promoter entities.

Mufin Green Finance has successfully raised approximately Rs 324 crore by issuing equity shares and warrants on a preferential basis. This move is expected to bolster the company's financial strength and expand its impact financing solutions.

The company issued 2,49,30,765 fully paid-up equity shares at an issue price of Rs 98 each, alongside 76,53,061 warrants, which are convertible into equity shares. The fundraising attracted interest from a diverse group of investors, including institutions and high-net-worth individuals, such as SageOne and DS Group.

Kapil Garg, Managing Director of Mufin Green Finance, stated that the fresh capital will drive the company's growth plans, with a focus on sustainable lending. The infusion is expected to double quarterly profits in the future through enhanced disbursements and operational efficiencies.

(With inputs from agencies.)