Small-cap NBFC stock: Mufin Green Finance share price rose nearly 2% during Wednesday’s trading session after receiving an equity infusion of ₹4.95 crore through the conversion of warrants. The firm converted 12 lakh warrants into equity shares valued at ₹4.95 crore, each priced at ₹41.25. As a result, Mufin Green Finance’s paid-up capital rose to ₹16.46 crore.
This response addresses the company’s notification dated December 27, 2023, concerning the issuance of 2.55 crore convertible warrants, which can be converted into equity shares with a face value of ₹1 each, at an issue price of ₹55 each, subsequent to the collection of subscription funds from the allottees on a preferential basis.
As a result, the company’s issued and paid-up capital has increased to ₹16,46,90,172/-, comprised of 16,46,90,172 equity shares of Re. 1/- each.
According to MoneyControl, Gunjan Jain, the CFO of the company, mentioned that Mufin Green Finance aims to achieve an AUM of ₹1,300 crore by the conclusion of FY26, with an additional capital injection of $18 million and approximately 60% of its investments focused on the EV mobility sector.
