Mufin Green Finance's Management Committee approved raising capital through two avenues.

The company will issue listed, secured Non-Convertible Debentures via private placement for up to INR 75 Crore, including a Green Shoe Option of INR 25 Crore.

These NCDs will be listed on BSE, offer a 10% monthly coupon, and mature in 15 months.

Additionally, Mufin Green Finance will issue foreign currency denominated bonds for up to USD 6 million through private placement, subject to approvals.

These bonds will be listed on India International Exchange, carry a semi-annual coupon based on SOFR+450 bps, and mature in 36 months.

Both instruments will be secured by specific receivables.

This capital raise aims to fund company growth.