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Purple Finance's Finance Committee has approved the allotment of 500 unsecured, subordinated Non-Convertible Debentures (NCDs) with a face value of INR 1 lakh each, totaling INR 5 crore. These NCDs, issued to Mr. Anil Prithviraj Kumar, offer a 12.50% monthly interest rate and mature in 61 months. The debentures, currently unlisted, are slated for listing on BSE Limited. This capital raise strengthens the company's financial position for its operations.