Purple Finance Ltd — Important, 04-12-2025: Company Update

Purple Finance's Finance Committee has approved a direct assignment transaction to sell a part of its loan portfolio to IDFC First Bank for Rs. 17.37 Cr. This deal involves a 90:10 split, with Purple Finance retaining 10% and continuing to service all the sold loans. The company expects this transaction to be income accretive, highlighting its capability to build a strong portfolio. This move is significant for shareholders as it enhances profitability and demonstrates efficient asset management.