Purple Finance Merger & Restructuring Worth ₹5.38 Cr
Purple Finance Ltd approved the sale of a loan portfolio worth ₹5.38 Crore. The transaction uses the RBI's Direct Assignment route.
- Value
- ₹5.38 Cr
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Purple Finance Ltd approved the sale of a loan portfolio worth ₹5.38 Crore. The transaction uses the RBI's Direct Assignment route.
Purple Finance will acquire Saksham Gram Credit Private Limited for ₹99 Crore. The Board also approved a preferential share allotment to raise ₹101 Crore.
Purple Finance Ltd has entered into Share Purchase Agreements to acquire a 100% equity stake in Saksham Gram Credit Private Limited.
Purple Finance received in-principle approval to evaluate the acquisition of up to 100% of Saksham Gram Credit Private Limited. Final terms remain under discussion.
Purple Finance will acquire Saksham Gram Credit Private Limited as a wholly-owned subsidiary to drive inorganic growth. The company also secured Rs. 108 Crore in equity funding.
Purple Finance Ltd approved the sale of a loan portfolio worth ₹23 Crore. The transaction uses a Direct Assignment route with a 90:10 participation ratio.