Corporate Action10 Sept 2026, 02:12 pm
Purple Finance Approves Loan Portfolio Sale & Share Allotments
AI Summary
Purple Finance Ltd's Finance Committee approved the sale of a loan portfolio worth INR 8.74 crores and the allotment of equity shares. The loan portfolio sale, conducted via Direct Assignment, is expected to be income accretive with a 90:10 participation ratio. Additionally, 55,00,000 equity shares were allotted upon conversion of warrants to Intellect Money Finvest Private Limited, increasing paid-up capital. Another 27,00,000 equity shares were allotted via preferential issue to Ms. Manisha Agarwal. These allotments will rank pari-passu with existing shares, significantly increasing the company's paid-up equity share capital.
Key Highlights
- Approved sale of loan portfolio up to INR 8.74 crores.
- Allotted 5.5 million shares from warrant conversion to Intellect Money.
- Allotted 2.7 million shares via preferential issue to Ms. Manisha Agarwal.
- Share capital increased significantly post-allotments.
- Loan sale expected to be income accretive.
Price Impact
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