Mufin Green Finance boosts capital with Rs 98-per-share preferential issue

Mufin Green Finance Limited ( (IN:MUFIN) ) just unveiled an announcement.

Mufin Green Finance Limited has completed a significant capital raise through a preferential issue, allotting 24,930,765 fully paid equity shares and 7,653,061 warrants at an issue price of Rs 98 per instrument. The issue was approved by the board and shareholders in late 2025 and formally cleared by the company’s Committee of Directors on March 4, 2026.

Following this allotment, the company’s paid-up equity share capital has risen from Rs 17.32 crore to Rs 19.82 crore, with the new shares ranking pari passu with existing equity. The fundraising brings in a mix of institutional and high-net-worth non-promoter investors alongside promoter Hindon Mercantile Limited taking all the warrants, bolstering Mufin Green Finance’s balance sheet and potentially enhancing its capacity to expand green financing operations.

The equity tranche has been widely distributed among multiple non-promoter investors including funds such as Sageone Flagship Growth OE Fund, Cullinan Opportunities Fund structures, Veloce Opportunities Fund II and Smart Horizon vehicles. This broadened investor base, combined with promoter participation via warrants, may strengthen governance perceptions and market confidence as the company positions for growth in India’s sustainable finance market.

More about Mufin Green Finance Limited

Mufin Green Finance Limited operates in the financial services sector with a focus on green finance, providing capital to environmentally oriented projects and businesses. Listed on Indian stock exchanges, the company raises funds through equity and related instruments to support its lending and investment activities in the sustainable finance space.

Average Trading Volume: 35,497

Technical Sentiment Signal: Buy

Current Market Cap: 19.11B INR

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