Mumbai, Nov. 20 -- The company will issue listed, secured, non-convertible debentures (NCDs) for an aggregate amount up to Rs 50 crore on a private placement basis.

Additionally, the board also approved the allotment of 2,76,251 equity shares with face value of Rs 1 each to eligible employees pursuant to exercise of vested options under MGFL Employee Stock Option Plan 2023.

Consequent to this allotment, the company's paid-up share capital has risen from Rs 17,29,55,172 (17,29,55,172 equity shares of Re 1 each) to Rs 17,32,31,423 (17,32,31,423 equity shares of Re 1 each).

Mufin Green Finance is non-banking finance company (NBFC) engaged in the business of investment and credit. It provides loans for income generation through electric ve...