Business Update10 Sept 2026, 02:10 pm
Purple Finance Approves Loan Portfolio Sale & Share Allotments
AI Summary
Purple Finance Ltd's Finance Committee approved the sale of a part of its loan portfolio for up to INR 8.74 crores. This direct assignment route is expected to be income accretive. Additionally, the committee approved the allotment of 55,00,000 equity shares upon conversion of warrants to Intellect Money Finvest Private Limited, increasing the paid-up capital. A further allotment of 27,00,000 equity shares was approved for Ms. Manisha Agarwal via preferential issue. These actions collectively increase the company's paid-up equity share capital.
Key Highlights
- Approved sale of loan portfolio up to INR 8.74 crores.
- Allotted 55 lakh equity shares upon warrant conversion.
- Allotted 27 lakh equity shares via preferential issue.
- Company's paid-up equity share capital increased.
- Direct assignment transaction expected to be income accretive.
Price Impact
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