💸 “MUFIN Green Finance is Raising ₹54 Cr – No, Not for a Dairy Farm, But Through Debentures!”
Date of Publishing -
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📦 1. At a Glance
Mufin Green Finance Ltd is raising ₹54.48 Cr via a private placement of secured, unrated, unlisted, redeemable, taxable, transferable, non-convertible debentures (yes, that’s one sentence). The NCDs will mature in 36 months, offer a 12.80% annual coupon, and are secured via hypothecation of book debts and receivables.
And no — they won’t be listed on exchanges.
🥶 2. Why This Matters
12.8% yield = decent signal of risk premium
Not listed = no liquidity for retail; this is clearly institutional or NBFC-backed
Secured by receivables = classic NBFC working capital maneuver
Maturity: 3 years = matches their loan tenures
Use of proceeds: likely to fund green 2W/3W EV loans and beef up AUM
