Sale25 Sept 2025, 04:27 pm
Purple Finance Ltd Approves Portfolio Sale to Ambit Finvest for Rs. 15.69 Crores
AI Summary
Purple Finance Ltd announced that its Finance Committee has approved the sale of a part of its portfolio to Ambit Finvest Private Limited. The transaction is valued at Rs. 15,69,96,254/- (Rupees Fifteen Crore Sixty-Nine Lacs Ninety-Six Thousand Two Hundred and Fifty-Four Only) under Direct Assignment. This transaction is expected to be income accretive and demonstrates Purple Finance Ltd's ability to create a valuable portfolio. The proportion of Direct Assignment between Ambit and Purple will be 90:10. Purple Finance Ltd will continue to act as a Servicer for all the loans sold in this arrangement.
Key Highlights
- Purple Finance Ltd approves the sale of part of its portfolio to Ambit Finvest Private Limited.
- The transaction is valued at Rs. 15,69,96,254/-.
- The transaction is expected to be income accretive.
- Purple Finance Ltd will continue to act as a Servicer for the sold loans.
- The proportion of Direct Assignment between Ambit and Purple will be 90:10.