Mufin Green Finance Ltd allots 8,75,000 shares on conversion of warrants

The Committee of Directors ("For Preferential Issue") of the Mufin Green Finance Limited ("the Company") in their meeting held today i.e. February 19, 2024, considered and approved the conversion of 8,75,000 (Eight Lakh Seventy Five Thousand) convertible warrants into 8,75,000 (Eight Lakh Seventy Five Thousand) equity shares of face value of Rs. 1/- each, on preferential basis, upon receipt of an amount aggregating to Rs. 3,60,93,750/- (Rupees Three Crore Sixty Lakh Ninety Three Thousand Seven Hundred Fifty only) at the rate of Rs. 41.25 (Rupees Forty One and Paise Twenty Five Only) per warrant (being 75% of the issue price per warrant) from the allottees pursuant to the exercise of their rights of conversion into equity shares.

Consequently, the issued and paid up capital of the Company stands increased to Rs 15,86,55,172/- consisting of 15,95,30,172 equity shares of Re. 1/- each.

The new equity shares so allotted, shall rank pari passu with the existing equity shares of the Company.

Source : Equity Bulls

Keywords

MufinGreenFinance EquityShares Allotment WarrantsConversion