Mufin Green Finance Limited, a leading NBFC in the green and sustainable lending ecosystem, has announced that it has successfully allotted ₹90 crore worth of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) on December 4, 2025, in New Delhi. Issued through a private placement, the NCDs form part of the company’s broader strategy to expand its green and socially inclusive lending portfolio, specifically across mediclaim premium financing, electric mobility, and rooftop and commercial solar panel financing.
The company’s exchange filing states that a total of 9,000 NCDs have been issued, each with a face value of ₹100,000, and will be listed on BSE Limited for investor access and transparency. The NCDs carry a coupon rate of 11.75 percent per annum, payable semi-annually, with a tenure of 4 years, 11 months, and 23 days. The instruments will mature on November 26, 2030, with 99.99 percent of the principal to be redeemed on November 26, 2028, and the balance of 0.01 percent on the maturity date.
Speaking about the allotment, Kapil Garg, Managing Director, Mufin Green Finance, said, “Over the past few years, we have witnessed a significant shift in how credit is being accessed within the clean mobility and renewable energy sectors. This capital infusion allows us to respond to this rising demand with greater agility while continuing to innovate our lending models. Our focus remains on enabling thousands of micro-entrepreneurs and households to transition to cleaner technologies, and this milestone strengthens our ability to scale that vision responsibly. We are also strengthening our mediclaim premium financing portfolio, ensuring timely access to essential health coverage for individuals and families through flexible and responsible credit support.”
“Mufin Green Finance has continued to expand its presence across priority segments such as EV loans, charging infrastructure, battery-linked financing, rooftop solar projects, and medical and insurance premium financing. These categories constitute a significant part of the company’s publicly disclosed portfolio mix on the stock exchanges and reflect its commitment to building a diversified green and socially relevant lending book. The positive response to our fundraising efforts underscores our credibility in the debt market and the confidence investors place in our financial stewardship. As we grow, we remain committed to maintaining disciplined asset quality, diversifying our liabilities, and ensuring sustainable long-term value creation for all stakeholders,” he added.
The company noted that the latest NCD issuance aligns with its broader funding strategy and the statutory requirements applicable to listed non-banking financial companies. Mufin Green Finance continues to strengthen its capital structure through a mix of long-term funding sources and market-linked borrowings, enabling sustained growth across its focused lending verticals.
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