Purple Finance Ltd — Important, 07-02-2026: Company Update
07-02-2026 | 09:19 am
07-02-2026 | 09:19 am
Purple Finance has raised ₹69.30 crore through equity warrants, with 1.26 crore warrants issued at ₹55 each, following a board meeting. This capital infusion, subject to applicable regulatory approvals, strengthens the company's capital base and supports its expansion plans. Investors have also triggered an open offer. This marks another successful fundraise for the company, which now operates 45 branches with Assets Under Management of approximately ₹210 crore. This move underscores growing investor confidence and is crucial for Purple Finance's continued growth in the SME and retail lending ecosystem, creating long-term value for shareholders.
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