Purple Finance

Purple Finance’s finance committee approved the sale of part of its loan portfolio, worth up to ₹5.38 crore, through the direct-assignment route on August 12. Assignees will take a 90% participation while Purple Finance retains 10% and continues to service the loans; the transactions were expected to be income accretive. Purple Finance reported loans of ₹167.71 crore and assets under management of ₹249.01 crore at the end of FY26. Revenue from operations was ₹47.65 crore in FY26, when the company reported a loss of ₹6.44 crore.

Powered by Tijori

Purple Finance entered binding share-purchase agreements for the proposed acquisition of 100% of Saksham Gram Credit Private Limited for about ₹99 crore, following the board’s earlier in-principle approval. The consideration comprised about ₹27 crore in cash and roughly ₹72 crore through a share swap. The board approved a preferential issue of 1,39,99,952 equity shares at ₹72 apiece, including 99,99,952 shares to Saksham’s sellers and 40 lakh shares to Manisha Agarwal for ₹28.8 crore in cash. The proposed acquisition and share issue remained subject to shareholder and other statutory approvals.

Powered by Tijori

Purple Finance Limited's board of directors, in a meeting on July 21, 2026, gave in-principle approval for the acquisition of 100% equity of Saksham Gram Credit Private Limited, a business correspondent services firm. Saksham Gram Credit operates across 10 Indian states through 147 branches, with a managed loan portfolio of approximately ₹523 crore as of March 2026 and a total income of ₹45.29 crore for the fiscal year 2025-26. The proposed acquisition is expected to expand Purple Finance's distribution network into underserved rural and semi-urban markets. The transaction remains subject to due diligence, finalization of valuation and terms, and execution of definitive agreements, with a targeted completion window of six months. The board also approved the issuance of up to 20,000 senior secured non-convertible debentures of face value ₹10,000 each, aggregating to ₹20 crore, on a private placement basis. Additionally, the board approved the unaudited financial results for the quarter ended June 30, 2026, reporting a net profit of ₹38.43 lakhs compared to a loss of ₹484.08 lakhs a year earlier.

Powered by Tijori

July 14 (Reuters) - Purple Finance Ltd PURL.BO:

• PURPLE FINANCE - TO CONSIDER FUND RAISING

Source text: ID:nBSE2YyRZl

Further company coverage: PURL.BO

(([email protected];;))

Purple Finance Ltd. said its finance committee approved the sale of up to Rs 23 crore of its loan portfolio through the direct assignment route. The transactions are expected to be income accretive and demonstrate the company’s ability to originate a quality loan book. Under the arrangement, the assignees will hold a 90% participation, while Purple Finance retains 10% and will continue to act as the servicer for all assigned loans.

Powered by Tijori

June 29 (Reuters) - Purple Finance Ltd PURL.BO:

• APPROVES SALE OF LOAN PORTFOLIO UP TO 230 MILLION RUPEES UNDER DIRECT ASSIGNMENT ROUTE

Source text: ID:nBSEcgz2y1

Further company coverage: PURL.BO

(([email protected];;))

March 24 (Reuters) - Purple Finance Ltd PURL.BO:

• APPROVES ISSUANCE OF UP TO 25,000 NCDS AGGREGATING TO 250 MILLION RUPEES

Source text: ID:nBSEbfy6BH

Further company coverage: PURL.BO

(([email protected];))

March 18 (Reuters) - Purple Finance Ltd PURL.BO:

• PURPLE FINANCE LTD - BOARD TO CONSIDER FUND RAISING VIA ISSUANCE OF SECURITIES

Source text: ID:nBSE2r78bC

Further company coverage: PURL.BO

(([email protected];))

March 20 (Reuters) - Purple Finance Ltd PURL.BO:

• RE-APPOINTS AMITABH CHATURVEDI AS EXECUTIVE CHAIRMAN

Source text: ID:nBSECCnSV

Further company coverage: PURL.BO

(([email protected];;))

Jan 14 (Reuters) - Purple Finance Ltd PURL.BO:

• TO CONSIDER FUNDRAISING THROUGH EQUITY SHARES OR OTHER SECURITIES

Source text: ID:nBSE7WBZ82

Further company coverage: PURL.BO

(([email protected];;))

Oct 17 (Reuters) - Purple Finance Ltd PURL.BO:

• PURPLE FINANCE - RIGHTS ISSUE OVERSUBSCRIBED 1.5 TIMES

Source text for Eikon: ID:nBSEc1YN9w

Further company coverage: PURL.BO

(([email protected];;))

Sept 20 (Reuters) - Purple Finance Ltd PURL.BO:

• RIGHTS ISSUE PRICE OF 40 RUPEES PER SHARE

• RIGHTS ENTITLEMENT RATIO OF 1:3

Source text for Eikon: ID:nBSE8MqYHh

Further company coverage: PURL.BO

(([email protected];;))

July 17 (Reuters) - Purple Finance Ltd PURL.BO:

• TO ISSUE NON-CONVERTIBLE DEBENTURES WORTH UPTO 50 MILLION RUPEES

• TO ISSUE NCDS VIA PRIVATE PLACEMENT

Source text for Eikon: ID:nBSE8LPrRs

Further company coverage: PURL.BO

(([email protected];))