Mufin Green Finance: FIIs Buy 640,117 Shares; Stock Remains Below Rs 100 Amid Warrant Conversion
Multibagger Stock Sees Institutional Buying as 12 Million Equity Shares Are Allotted After Warrant Conversion
Mufin Green Finance Ltd (NSE: MUFIN) has recently made headlines following a notable development: the allotment of *12,000,000 equity shares* after the conversion of warrants. This announcement comes amid substantial activity from *Foreign Institutional Investors (FIIs), who have purchased **640,117 shares*, signaling growing investor interest in the company. This move adds momentum to a stock priced under ₹100, which has been showing potential for significant gains.
Stock Performance and Market Activity
Mufin Green Finance’s stock has been trading at around ₹74.39, slightly declining by 0.37% on a recent day. Over the past year, the stock has shown a high of ₹141.60 and a low of ₹63.66, highlighting the fluctuations that investors have been navigating. Currently valued at approximately *₹1,216 crore, the company remains in the **small-cap* segment, offering a mix of volatility and growth opportunities within the financial sector.
Institutional Interest in Mufin Green Finance
According to recent filings, *Foreign Institutional Investors (FIIs)* have secured *640,117 shares* in Mufin Green Finance Ltd. This large-scale acquisition indicates that institutional investors see potential in the company’s green finance initiatives. The additional equity shares, resulting from the conversion of warrants, are expected to improve the company’s financial position, thereby strengthening its capacity to expand its operations.
Company Overview and Focus on Sustainable Finance
Founded in May 2016 as APM Finvest Ltd and rebranded in 2022, *Mufin Green Finance Ltd* now specializes in promoting sustainable financial products. The company focuses on financing the *green sector, particularly projects related to electric mobility and solar energy. By providing loans for **electric vehicles (EVs), **charging infrastructure, and **solar energy installations*, Mufin Green Finance plays a key role in supporting eco-friendly initiatives.
Conclusion
The recent allotment of *12,000,000 equity shares* and the *FIIs’ purchase of 640,117 shares* suggest positive momentum for Mufin Green Finance Ltd. These actions demonstrate strong confidence in the company’s future, as it continues to carve out a niche in the *green finance* sector. Investors are closely watching the developments, with the company’s *warrant conversion* and *institutional investment* potentially paving the way for further growth and sustainability.
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