Mufin Green Finance Allots INR 90 Crore NCDs via Private Placement for EV and Solar Financing
Mufin Green Finance has announced that the company has allotted NCDs worth INR 90 crore through the private placement to expand its lending portfolio, including electric mobility, rooftop and commercial solar panels financing.
December 09, 2025. By Mrinmoy Dey
A total of 9,000 NCDs have been issued, each with a face value of INR 1,00,000, and will be listed on BSE for investor access and transparency, the company stated in a regulatory filing. 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 per cent of the principal to be redeemed on November 26, 2028, and the balance 0.01 per cent 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.”
He further added, “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 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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