Purple Finance Limited's board approved issuance of up to 25,000 NCDs aggregating Rs. 25 crores on private placement basis.
NCDs carry 12% p.a. interest payable monthly, with 24-month tenure and principal repaid in 6 instalments.
Board also approved Direct Assignment of portfolio up to Rs. 37.93 crores under RBI's Credit Risk Transfer Directions, 2025.