Purple Finance raises Rs 5 crore through NCDs
The NCDs will be listed on BSE
Purple Finance has raised Rs 5 crore through the allotment of 500 Subordinated, Unsecured, Rated, Listed, Redeemable, Transferable, INR Denominated, Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 each on April 06, 2026 on Private Placement basis. The NCDs will be listed on BSE. The debentures have a tenure of 61 months, with maturity scheduled for May 06, 2031. The Members of Finance Committee of the Board of Directors of the company through Circular Resolution dated April 06, 2026, have considered and approved the allotment of 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.
