{"id":115210,"date":"2023-12-08T17:08:47","date_gmt":"2023-12-08T11:38:47","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115210"},"modified":"2023-12-08T17:08:53","modified_gmt":"2023-12-08T11:38:53","slug":"mufin-green-stock-hits-5-upper-circuit-after-company-to-raise-funds-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mufin-green-stock-hits-5-upper-circuit-after-company-to-raise-funds-check-the-details\/","title":{"rendered":"Mufin Green stock hits 5% upper circuit after company to raise funds; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2147218819\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The small-cap NBFC stock hit a 5 percent upper circuit at Rs 114 levels after the board approved the plans to raise funds.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2087159539\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The board of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MUFIN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Mufin Green<\/a><\/strong>, today approved the terms and conditions for the issuance of 1,750 unlisted, secured, senior, redeemable, taxable, transferable, non-convertible debentures having a face value of Rs 100,000 each and an aggregate face value of Rs 17,50,00,000 (&#8220;Debentures&#8221;) on a private placement basis.<\/p><p>The Mufin Green stock hit a 5 percent upper circuit after this announcement had been made.<\/p><p>When it comes to the maturity details of the debentures, part of the amount INR 7,50,00,000 will be redeemed on June 15, 2025, and the other part of the amount INR 10,00,00,000 will be redeemed on August 7, 2025.<\/p><div class=\"trade-content_5\" id=\"trade-3605108075\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The coupon\/interest offered is 13 percent. The interest will be paid semi-annually.<\/p><p>If the company defaults on the payment, then it has to pay an additional 4 percent per annum over the&nbsp; Interest Rate that will be payable by the Company on the outstanding principal amounts. So, four percent in addition to the 13 percent gives an effective 17 percent interest.<\/p><p>Mufin Green Finance Limited (formerly, known as APM Finvest Ltd.), is 100% focused on Environment and social Governance focused financing products, with a strong focus on India\u2019s fastest-growing electric vehicle industry.&nbsp;<\/p><p>The company has a presence in 7 states across India with 112 locations and the Company exploring more locations to operate in other states.&nbsp;<\/p><p>The EV market in India is estimated to be a US$206 billion opportunity by 2030 and is growing at a booming rate of 36% CAGR year on year. Mufin Green intends to contribute to 4-5% market share of the business by 2030.&nbsp;<\/p><p>Mufin Green will enable the growth of this EV ecosystem by financing electric vehicles, electric charging infra, and energy storage\/swapping systems.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3761080187\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Between the quarters Q2FY23 to Q2FY24, the company\u2019s revenue jumped by 222 percent from Rs 6.59 Crore to Rs 21.13 Crore. The net profit increased by 98.51 percent from Rs 2.02 Crore to Rs 4.01 Crore.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Nalin Suriya S.<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1654244915\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The small-cap NBFC stock hit a 5 percent upper circuit at Rs 114 levels after the board approved the plans to raise funds. The board of Mufin Green, today approved the terms and conditions for the issuance of 1,750 unlisted, secured, senior, redeemable, taxable, transferable, non-convertible debentures having a face value of Rs 100,000 each [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[15053,15052,948,936,15054],"class_list":["post-115210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mufin-green-latest-news","tag-mufin-green-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-mufin-green-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mufin Green stock hits 5% upper circuit after company to raise funds; 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