Mufin Green Finance Approves NCD Issue Up to 750 Mln Rupees

Mufin Green Finance Limited approved a secured non-convertible debenture issue of up to 750 million rupees, incorporating a 250 million rupee greenshoe option.

NEW DELHI — Non-banking financial company Mufin Green Finance Limited has announced a major capital mobilization initiative to expand its specialized green lending portfolio. According to official corporate regulatory disclosures and stock exchange filings published in July 2026, the company's management committee approved the issuance of listed, secured, redeemable non-convertible debentures (NCDs) aggregating up to 750 million rupees. The approved fundraising blueprint includes a greenshoe option of up to 250 million rupees to accommodate excess subscription demand from institutional and private investors.

Structure and Terms of the NCD Issuance

The newly sanctioned debt instrument framework is structured to optimize liquidity deployment while offering structured returns to fixed-income participants. Official regulatory filings specify that the NCD issue carries a 15-month tenure, offering a fixed coupon rate of 10% per annum with monthly interest payout frequencies.

To safeguard investor interests, the debentures are backed by robust collateral measures, including a first charge via hypothecation over identified receivables and book debts. The securities are slated for formal listing on BSE Limited (BSE), ensuring secondary market liquidity following the completion of allotment procedures.

Broader Capital Expansion and ECB Alignment

The 750 million rupee NCD approval runs parallel to the company’s broader external funding strategy, which recently included an authorization for foreign currency bonds of up to 6 million US dollars under the External Commercial Borrowing (ECB) framework.

Corporate planners note that diversifying capital sources through domestic debt issuances and overseas green bonds enables Mufin Green Finance to scale its financing footprint across electric vehicle (EV) fleets, charging infrastructure, and decentralized solar energy segments across India.

Impact on Investors, Clean Energy Borrowers, and Markets

The structured debt mobilization carries favorable implications for institutional investors seeking sustainable yield opportunities and green economy advocates. For fixed-income investors, the monthly coupon distribution model combined with asset-backed security provides predictable cash flows.

For the clean energy ecosystem, consistent access to debt capital empowers the organization to extend affordable financing to electric mobility adopters and sustainable infrastructure developers.

Official Sources Section

Information concerning the NCD issue parameters, greenshoe allocations, coupon structures, and regulatory filings was obtained directly from official corporate disclosures, board meeting outcomes, and stock exchange notifications submitted to BSE Limited (BSE) and the National Stock Exchange of India (NSE) by Mufin Green Finance Limited.

According to officials, the approved debenture issuance aligns with the company's long-term capital strategy to support India's expanding green transition and electric mobility infrastructure.

Why It Matters

Securing domestic debt through structured NCD issuances allows specialized green financiers to diversify funding liabilities while matching asset-liability profiles. By unlocking capital up to 750 million rupees, Mufin Green Finance reinforces its capacity to fund high-growth sustainable asset classes without straining balance sheet liquidity.

Key Facts at a Glance

• Issue Size: Secured NCD issue approved up to 750 million rupees.

• Greenshoe Option: Includes a 250 million rupee greenshoe option to absorb excess demand.

• Tenor and Returns: 15-month tenure offering a 10% annual coupon paid monthly.

• Security & Listing: Secured via hypothecation of receivables; proposed for listing on BSE Limited (BSE).

FAQ Section

What is the total approved size of Mufin Green Finance's NCD issue?

The board approved a secured NCD issue of up to 750 million rupees, which includes a 250 million rupee greenshoe option.

What are the repayment terms and coupon rate for the NCDs?

The debentures feature a 15-month tenure with a 10% per annum coupon rate paid on a monthly basis.

How are these debentures secured for investors?

The NCDs are secured by creating a first charge through the hypothecation of specific company receivables and book debts.

Where can official disclosures regarding this debt issuance be found?

Official regulatory filings and allotment details are accessible through the listing portals of BSE Limited (BSE) and the National Stock Exchange of India (NSE).

Source: Mufin Green Finance Investor Relations, BSE Limited (BSE), National Stock Exchange of India (NSE), Reserve Bank of India (RBI)