Mufin Green Finance has successfully raised Rs 50 crore through its maiden listed Non-Convertible Debenture (NCD) issue on the Electronic Bidding Platform (EBP) of BSE. The milestone fundraise marks a significant step in diversifying the company’s funding channels while enhancing its lending capacity.
The NCDs, carrying a coupon rate of 11 per cent and a maturity period of 15 months, provide the company access to listed debt instruments, thereby widening its investor base and strengthening financial stability.
According to Mufin Green Finance, the proceeds will be strategically allocated to balance consumer lending and green finance initiatives. Nearly 90 per cent of the raised capital will be directed towards financing medical premiums, one of the company’s fastest-growing consumer-focused products. The remaining 10 per cent will support electric vehicle loans, battery financing, and solar panel installations for individuals and small businesses, reinforcing the company’s commitment to sustainable energy adoption.
Commenting on the development, Kapil Garg, Managing Director, Mufin Green Finance, said, “With this Rs 50 crore raise, we are aiming not just at expanding lending volumes, but also at creating a balance between consumer finance and sustainable energy adoption. Our objective is to bridge these financing gaps with practical, accessible, and impact-driven solutions.”
The company underscored that the successful NCD issue is a crucial milestone in its growth journey. By expanding into listed instruments, Mufin Green Finance aims to scale its operations while aligning with India’s accelerating demand for electric vehicles, renewable energy solutions, and affordable financing options.
With this step, Mufin Green Finance seeks to strengthen its position as a leading player in green financing while enabling individuals and small businesses to adopt sustainable practices through accessible credit.
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