235% return in six-month: Multibagger NBFC stock Mufin Green Finance declares ₹140 crore fundraise

livemint.com:

stock market has delivered in recent few months. This non banking financial company or NBFC stock has risen from around ₹49 apiece levels to ₹163 per share levels, ascending to the tune of 235 per cent in this time. This multibagger stock has delivered stellar 45 per cent return to its shareholders as well.

This multibagger NBFC stock is one of the newsmaker stock these days for raising funds via allotment of warrants convertible in to equal number of equities. As per its latest exchange filing, the NBFC company has allotted warrants to raise funds to the tune of over ₹140 crore. Warrants have been issued at a price of ₹55 per equity share whereas Mufin Green share price today is around ₹163 per share, which means the warrants have been allotted at a discount of ₹108 per share.

Also Read: Quant Mutual Fund-backed Man Infraconstruction shares hit life-time high Mufin Green Finance informed Indian stock market exchanges about the move saying, "Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and in—principle approvals received from the BSE Limited and National Stock Exchange of India Ltd on November 13, 2023 and December 14, 2023, respectively, we wish to inform you that, the Committee of Directors (“For Preferential Issue") of the Mufin Green Finance Limited ("the Company") in their meeting held on today i.e. December 27, 2023 had approved the allotment of 2,55,00,000 Warrants convertible into Equity Shares of the Company, in one or more tranches, having face value of 1/- each, at a price of Rs. 55/- per Equity Share (including premium of Rs.