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Mufin Green Finance informs about allotment of equity shares

05 Oct 2024 Evaluate
Mufin Green Finance has informed that in furtherance to the intimation given by the Company on December 27, 2023 with respect to allotment of 2,55,00,000 (Two Crore Fifty Five Lakhs) convertible warrants, each convertible into equity shares of face value of Rs 1 each, (Warrants) at an issue price (Warrant Issue Price) of Rs 55 each, after receipt of subscription amount being 25% of the issue price from the allottees on preferential basis as per the list forming part of the said letter. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), also informed that the Committee of Directors (For Preferential Issue) of the Mufin Green Finance in their meeting held today, October 04, 2024, considered and approved the conversion of 5,00,000 (Five Lakh) convertible warrants into 5,00,000 (Five Lakh) equity shares of face value of Rs 1 each, on preferential basis, upon receipt of an amount aggregating to Rs 2,06,25,000 (Rupees Two Crore Six Lakh Twenty Five Thousand only) at the rate of Rs 41.25 (Rupees Forty One and Paise Twenty Five Only) per warrant (being 75% of the issue price per warrant) from the allottees pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of SEBI (ICDR) Regulations, 2018 and list of allottees is enclosed as Annexure-I. Consequently, the issued and paid up capital of the Company stands increased to Rs 16,33,70,172 consisting of 16,33,70,172 equity shares of Re 1 each.

The above information is a part of company’s filings submitted to BSE.

Mufin Green Finance Share Price

116.40 -1.90 (-1.61%)
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