Mufin Greens Approves Fundraising of Rs 24.84 Crore Via NCDs

On a weekly basis, the BSE benchmark advanced 641.83 points or 0.87, and the NSE Nifty climbed 272.95 points or 1.23 per cent.

Share Market News: Mufin Green Finance Ltd in an exchange filing said that its board has approved fundraising plan via issuing non-convertible debentures. Raising of funds through issue of rated, unlisted, secured, senior, redeemable, taxable, transferable, non-convertible debentures denominated in Indian Rupees through private placement basis for amount up to INR 24,84,00,000 in accordance with the relevant provisions of applicable law and subject to approval of the applicable regulatory authorities,” the filing reads.

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Earlier on Friday, market benchmarks Sensex and Nifty wilted under selling pressure on Friday after a five-day rally as investors exposed exposure to banking, financial and consumer durable stocks amid mixed trends in global markets.

Rising global crude prices, a depreciating rupee and persistent foreign fund outflows further weighed on sentiment, traders said. Profit-taking also came into play as the 30-share BSE Sensex tanked 609.28 points or 0.82 per cent to settle at 73,730.16. During the day, it lost 722.79 points or 0.97 per cent to 73,616.65.

The NSE Nifty declined 150.40 points or 0.67 per cent to 22,419.95.

On a weekly basis, the BSE benchmark advanced 641.83 points or 0.87, and the NSE Nifty climbed 272.95 points or 1.23 per cent. Bajaj Finance was the biggest drag on the Sensex chart, skidding nearly 8 per cent after the company’s March quarter earnings failed to cheer investors. Bajaj Finserv also declined over 3 percent.

IndusInd Bank, Nestle, Kotak Mahindra Bank and Mahindra & Mahindra were among the other laggards. Meanwhile, Tech Mahindra jumped over 7 per cent after the IT services company’s CEO outlined an ambitious three-year roadmap to accelerate revenue growth and lift margins.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,823.33 crore on Thursday, according to exchange data.

The BSE benchmark climbed 486.50 points or 0.66 per cent to settle at 74,339.44 on Thursday. The NSE Nifty advanced 167.95 points or 0.75 percent to 22,570.35.