Mufin Green Finance Hits Upper Circuit For 5th Session Ahead of Listing On NSE Next Week

For the past five sessions, Mufin Green Finance has been trading in the upper circuit, generating a 25% gain. The shares began trading on Friday at Rs 129.30 per share, the 5% upper circuit limit, after the company's announcement that its equity shares will be listed on the National Stock Exchange of India Limited, effective November 6, 2023.

"We are pleased to inform you that the equity shares of the company shall be listed and admitted to dealings on the Exchange w.e.f. November 06, 2023," said Mufin Green Finance in a BSE filing.

The Reserve Bank of India (RBI) gave Mufin Green Finance permission earlier this week to act as a pre-paid instrument (PPI) issuer, enabling it to introduce the "Super App" for extensive financial services. Mufinpay may provide a wide range of financial services, such as prepaid gift cards, UPI, FastTag, PPI Wallets, and other value-added services, with the PPI permission. A "Super App" with a plethora of financial services functions and a banking-like interface is set to be released by Mufin.

Recently, the company received a rating certificate on Sustainable Development Goal from Agent for Impact on October 04, 2023. Agents for Impact Sustainability Alignment Rating (AFISAR© Vs.3) has been assigned to the company with a B+ rating.

"In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, November 09, 2023, inter-alia to consider and approve the Un-Audited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th September, 2023," informed Mufin Green Finance to BSE too.

As a leading provider of climate finance solutions in India, Mufin Green Finance is a subsidiary of Hindon Mercantile Limited. By offering loans through electric vehicles, electric charging infrastructure, and swappable batteries, the firm contributes to the nation's EV ecosystem.