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Purple Finance gets nod to raise funds up to Rs 25 crore via NCDs
Mar-24-2026

Purple Finance has received approval for the Issuance of upto 25,000 Senior, Secured, Rated, Listed, Redeemable, Transferable, INR Denominated, Non-Convertible Debentures (NCDs) having face value of Rs 10,000 each, aggregating up to Rs 25 crore, for cash, at par, on a Private Placement Basis in one or more tranches. The Board of Directors of the company at its meeting held on March 24, 2026, inter alia, has considered and approved the same. 

Purple Finance is building reliable, accessible and technology-enabled financing for Micro & Small business owners. It is the first Indian NBFC to provide digitised secured microloans that offer easy and paperless on-boarding, transparent commercials and conditions, simple and easy to understand products.


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