Mufin Green Finance, a New Delhi-based company known for financing electric vehicle ecosystem solutions, is scheduled to list its equity shares on the National Stock Exchange (NSE) on November 6, 2023. The shares will be listed under the symbol 'MUFIN', with a total of 1,50,99,5172 securities.
In the week leading to this announcement, the company's shares on the Bombay Stock Exchange (BSE) reached a new 52-week high of ₹129.30. This was an increase from the previous trading session settlement at ₹123.15 and marked five consecutive upper circuits. The 5% increase resulted in pushing its market capitalization to nearly ₹1,950 crore.
Over the course of various timeframes, Mufin Green Finance has seen significant growth in its stock value. The stock has gained approximately 27% over five sessions and about 50% over one month. Over a six-month period, the company's shares have seen an increase of around 220%, delivering a substantial return of 300% from its 52-week lows.
The company's board is due to meet on November 9, 2023, with the intention to review and approve Q3 results. In other developments, Mufin Green Finance has received approval from the Reserve Bank of India (RBI) to operate as a Prepaid Payment Instruments (PPI) issuer. This approval allows the company to launch a comprehensive financial services 'super app'.
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