Mufin Green Finance Allots Non-convertible Debentures, Shares To Be in Focus
The stock of Mufin Green, which has given a return of 88 per cent in one year, had ended the session at Rs 129.55 on Friday
Business News: Shares of Kolkata-based non-banking finance company (NBFC) Mufin Green Finance will be in focus on Monday as the company has informed in a regulatory filing that it has allotted non-convertible debentures of up to Rs 24.84 on a private placement.
The interest rate for these debentures is 10.90 per cent which is payable annually. The allotment was done on May 03. The stock of Mufin Green, which has given a return of 88 per cent in one year, had ended the session at Rs 129.55 on Friday, the investors’ wealth eroded by Rs 2.25 lakh crore when the BSE Sensex tanked 733 points, amid profit-taking and worries over premium valuations of local stocks.
The 30-share BSE benchmark dropped 732.96 points or 0.98 per cent to settle at 73,878.15 after soaring 484.07 points earlier in the day. From its intra-day high of 75,095.18, the benchmark tanked 1,627.45 points to the day’s low of 73,467.73.
The market capitalisation of BSE-listed companies eroded by Rs 2,25,543.41 crore to Rs 4,06,24,224.49 crore (USD 4.89 trillion). From the Sensex basket, Larsen & Toubro, Maruti, Bharti Airtel, Nestle, Reliance Industries, JSW Steel, Kotak Mahindra Bank and UltraTech Cement were among the major laggards.
Bajaj Finance climbed nearly 1 per cent higher. The Reserve Bank of India (RBI) has lifted restrictions on Bajaj Finance on sanctioning and disbursal of loans through eCOM and Insta EMI Card, the company said in a regulatory filing on Thursday.Bajaj Finserv, Mahindra & Mahindra, State Bank of India, ICICI Bank and Infosys were among the other gainers.
In the broader market, the BSE smallcap gauge declined 0.55 per cent and the midcap index dipped 0.21 per cent. Among the indices, telecommunication tanked 1.42 per cent, realty (1.09 per cent), services (1.01 per cent), teck (0.96 per cent), consumer discretionary (0.71 per cent), IT (0.64 per cent) and commodities (0.29 per cent). In contrast, healthcare and metal were the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,391.98 crore on Friday, according to exchange data.
