Investment6 April 2026 at 01:21 pm
Purple Finance Ltd Allots Subordinated, Unsecured, Rated, Listed, Redeemable, Transferable, INR Denominated Non-Convertible Debentures Worth INR 5 Crores
AI Summary
Purple Finance Ltd has announced the allotment of 500 Subordinated, Unsecured, Rated, Listed, Redeemable, Transferable, INR Denominated Non-Convertible Debentures having a face value of INR 1 Lac each, amounting to INR 5 Crores, to Mr. Sanjeev Prithviraj Kumar. The allotment was made on a private placement basis on April 06, 2026. The Non-Convertible Debentures will be listed on BSE limited and have a tenure of 61 months, with a coupon/interest rate of 12.50% per annum payable monthly. The principal amounts will be payable by the Company on the Final Redemption Date.
Key Highlights
- Purple Finance Ltd allotted 500 Subordinated, Unsecured, Rated, Listed, Redeemable, Transferable, INR Denominated Non-Convertible Debentures worth INR 5 Crores.
- The allotment was made to Mr. Sanjeev Prithviraj Kumar on a private placement basis.
- The Non-Convertible Debentures will be listed on BSE limited and have a tenure of 61 months.
- The coupon/interest rate is 12.50% per annum payable monthly.
- The principal amounts will be payable by the Company on the Final Redemption Date.