Purple Finance Ltd — Important, 28-10-2025: Company Update
28-10-2025 | 07:23 pm
28-10-2025 | 07:23 pm
Purple Finance has approved a ₹39 crore capital raise by issuing 1 crore equity share warrants on a preferential basis. These warrants, convertible into one equity share each at ₹39 per share, were approved by the Finance Committee with Intellect Money Finvest Private Limited as the sole investor. This fundraise is set to strengthen the company's capital base, accelerate its disbursement goals, and support future expansion plans, reinforcing its commitment to becoming a resilient, growth-oriented financial institution.
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