Mufin Green Finance Ltd approves preferential issue

The Board of Directors ('Board') of Mufin Green Finance Ltd, at its meeting held today i.e., July 19, 2022, consider and approved the issuance of 35,54,502 (Thirty Five Lakh Fifty Four Thousands Five Hundred Two) equity shares of face value of Rs. 2/- each of the Company to Incofin India Progress Fund (Alternative Investment Fund), Non-Promoter Indian Resident on a preferential basis ("Preferential Issue"), at a price of Rs. 126.50/- {Rupees One Hundred Twenty Six and Sixty paise only) per Equity share aggregating to Rs. 44,99,99,953.20 (Rupees Forty Four crore Ninety Nine Lakh Ninety Nine Thousand Nine Hundred Fifty Three and Twenty paise only).

The board also approved the issuance of 4,65,000 (Four Lakh Sixty Five Thousands) Convertible Warrants into equity shares of the Company to Hindon Mercantile Limited, promoter on a preferential basis ("Preferential Issue") at a price of Rs. 126.60/- (Rupees one Hundred Twenty Six and sixty paise only) per Convertible warrant into Equity Shares aggregating to Rs. 5,88,69,000 (Rupees Five Crore Eighty Eight Lakh Sixty Nine Thousand only).

The above issue of shares, warrants are subject to approvals.

Shares of APM Finvest Ltd was last trading in BSE at Rs. 124.70 as compared to the previous close of Rs. 125.00. The total number of shares traded during the day was 33086 in over 172 trades.

The stock hit an intraday high of Rs. 128.85 and intraday low of 123.00. The net turnover during the day was Rs. 4125963.00.

Source : Equity Bulls

Keywords

MufinGreenFinance APMFinvest INE08KJ01012 PreferentialIssue EquityShares ConvertibleWarrants