Tata Mutual Fund acquired 33,00,000 equity shares of Mufin Green Finance Ltd through a bulk deal on 22 April 2026 at ₹113.23 per share, amounting to approximately ₹37.37 crore. The shares were trading at ₹117.70 on the NSE on 23 April, giving the fund an immediate mark-to-market gain on the position.

Mufin Green Finance is a listed non-banking financial company that finances electric two-, three-, and four-wheelers, charging infrastructure, and related assets. It targets retail customers, fleet operators, and small businesses, with a focus on Tier 2 and Tier 3 markets. The company has financed over ₹350 crore in EV assets to date.

In a parallel growth push, the company has expanded into insurance premium financing — an emerging NBFC segment. It has already disbursed roughly ₹970 crore in insurance-linked loans, covering Mediclaim financing for individuals and group insurance for SMEs. It targets scaling this book to ₹2,800 crore by FY29 by offering EMI-based premium payment structures.

The stock has gained approximately 75.78 per cent over the past year against a near-flat Nifty 50, touching a 52-week high of ₹126.34 in November 2025 before settling in the current ₹115–118 range. The company’s total market capitalisation stands at ₹2,040.67 crore, with a free-float market cap of ₹606.95 crore. It listed on the NSE on 6 November 2023. The stock currently trades at a trailing P/E of 105.32.

Published on April 23, 2026