New Delhi, February 13, 2023: Mufin Green Finance, renowned as India’s premier listed NBFC with a dedicated focus on electronic vehicle (EV) financing, has unveiled its strategic proposal to acquire BSE listed NBFC, LKP Finance Limited. This pivotal move underscores Mufin Green’s unwavering commitment to advancing financial inclusion within the EV ecosystem while bolstering its equity capital base to foster accelerated growth within the company.
“In our relentless pursuit of sustainable transportation solutions, the acquisition of LKP Finance marks a significant milestone,” expressed Kapil Garg, Managing Director of Mufin Green Finance. “This strategic initiative not only enhances our green portfolio but also empowers us to offer a diverse array of financing solutions catering to individual consumers, fleet operators, and commercial entities.”
Beyond the realm of EV financing, this acquisition, among the largest undertaken by Mufin Green Finance, injects an additional 340 crores of equity capital into the business. This augmented equity capital will play a pivotal role in expanding Mufin Finance’s Green portfolio, facilitating alignment with sustainable objectives, and fostering positive societal impact.
MV Doshi, the promoter of LKP Finance, remarked, “We firmly believe that Mufin Green Finance’s vision and expertise seamlessly align with the goals and aspirations we have envisioned for our organization. This strategic decision marks a momentous milestone in our company’s trajectory and underscores our unwavering commitment to maximizing value for our shareholders and stakeholders alike. We are optimistic that Mufin Green Finance will accelerate growth within the Green Energy space, broaden its outreach, and enhance customer service. We are confident that this acquisition will unlock long-term value for all stakeholders involved.”
