Purple Finance Allots ₹15 Cr Debentures via Private Placement

Purple Finance Limited has approved the allotment of Non-Convertible Debentures (NCDs) aggregating ₹15 Crores through private placement. The allotment includes 10,000 NCDs worth ₹10 Crores to Ambium Finserve Limited and 5,000 NCDs worth ₹5 Crores to Fourdegreewater Capital Private Limited. These are Senior, Secured, Rated, Listed, Redeemable, Transferable, INR-Denominated debentures with a face value of ₹10,000 each. The NCDs have a tenure of approximately 30 months and 8 days, maturing on April 5, 2029, with an annual interest rate of 11.90% payable monthly. The principal will be repaid in five installments.