Sale29 Jun 2026, 04:40 pm
Purple Finance Approves Sale of ₹23 Cr Loan Portfolio
AI Summary
Purple Finance Ltd's Finance Committee has approved the sale of a part of its loan portfolio, aggregating up to ₹23.00 crores, via the Direct Assignment route. This move aligns with RBI's Master Directions on Transfer of Loan Exposures. The transactions are anticipated to be income accretive, demonstrating the company's capability in originating and managing a quality loan book. Purple Finance will retain a 10% participation ratio and will continue to act as the servicer for the assigned loans.
Key Highlights
- Approved sale of loan portfolio up to ₹23 Cr.
- Transaction to be conducted via Direct Assignment route.
- Expected to be income accretive for the company.
- Purple Finance retains 10% participation and servicing rights.
Price Impact
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