Purple Finance Strengthens Capital Base with 739 Crore Fundraise from Intellect Money Finvest

Purple Finance Limited, a Mumbai-based non-banking company (NBFC), has announced the approval of a 39 crore capital raise through the private placement of 1 crore equity share warrants. Each warrant is convertible into one equity share at a price of 39 per share. The Finance Committee, authorized by the Board of Directors, approved the issuance on a preferential basis, with Intellect Money Finvest Private Limited participating as the sole investor. This fundraise will strengthen Purple Finance's Capital Base and help accelerate its disbursement goals, marking a significant milestone for the company.