Raama Finance draws INR 5 crore debt line from Mufin Green Finance
What's the deal? Raama Finance has secured a INR 5 crore (about $518,000) term loan from Mufin Green FinanceDealroom has a profile for this one. Try Dealroom → Limited. The agreement was executed on July 22, 2026, with funds earmarked for onward lending.
How is it structured? The loan carries an exclusive charge on Raama's present and future receivables, up to 120% of the outstanding principal. Promoters Akhil Mittal and Pratika Sharma have also pledged shares worth 2.5 times the loan value.
What are the strings? The agreement requires Mufin's prior approval for major moves — including mergers, acquisitions, restructuring, material management changes, or transactions outside the ordinary course of business. Amendments to Raama's governing documents also need sign-off, except for raising authorised capital.
Raama confirmed it has no relationship with the lender and that the deal is not a related party transaction. Its shares held steady at ₹18.53 on the day of the disclosure.
The signal: For a small non-bank lender, a secured wholesale credit line is fuel for its core business: borrowing to lend onward. The tight security and covenant terms reflect how cautiously wholesale lenders price risk in India's crowded NBFC market.
Read more: investoomarket.com
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