Sale4 Dec 2025, 04:41 pm
Purple Finance Ltd. Approves Portfolio Sale to IDFC First Bank Ltd. for Rs. 17 Crores
AI Summary
Purple Finance Ltd. announced that its Finance Committee approved a transaction for the sale of part of its portfolio to IDFC First Bank Ltd. The transaction is worth Rs. 17,37,17,439/- (Rupees Seventeen Crores Thirty Seven Lacs Seventeen Thousand Four Hundred and Thirty -Nine Only) under Direct Assignment. This transaction is income accretive and reaffirms Purple Finance's ability to create a good portfolio. The proportion of Direct Assignment between IDFC and Purple Finance will be 90:10. Purple Finance Limited will continue to act as a Servicer for all the loans sold in this arrangement.
Key Highlights
- Purple Finance Ltd. approved a transaction for the sale of part of its portfolio to IDFC First Bank Ltd.
- The transaction is worth Rs. 17,37,17,439/- under Direct Assignment.
- The transaction is income accretive for Purple Finance Ltd.
- Purple Finance Limited will continue to act as a Servicer for the sold loans.
- The proportion of Direct Assignment between IDFC and Purple Finance is 90:10.