NBFC Mufin Green allots non-convertible debentures worth Rs 24.84 crore
As per the company, the proceeds will be utilised for working capital and expansions in the portfolio.
![NBFC Mufin Green allots non-convertible debentures worth Rs 24.84 crore](https://cdn.zeebiz.com/sites/default/files/2024/05/04/291785-moneypixa.jpg?im=FitAndFill=(1200,900))
Kolkata-based non-banking finance company (NBFC) Mufin Green Finance has informed exchanges that it has allotted non-convertible debentures of up to Rs 24.84 on a private placement to identified investors. The interest rate for these debentures is 10.90 per cent which is payable annually.
The allotment was done on May 03.
As per the regulatory filing, Mufin Green allotted 2,484 rated, unlisted, secured, senior, redeemable, taxable, transferable, nonconvertible debentures (NCDs) for a face value of Rs 1 lakh each at par aggregating to a total size of 24.84 crore.
The NCDs were issued on a private placement basis to identified investors at the interest rate of 10.90% per annum payable annually.
As per the company, the proceeds will be utilised for working capital and expansions in the portfolio.
Kolkata-based Mufin Green Finance is a non-banking finance company focusing on financing clean energy and related projects.
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