Purple Finance Approves ₹20 Crore Loan Sale, Revises Approval To ₹12 Crore

Finance Committee approved Rs15Cr NCDs (15000xRs10k, 11.9% monthly, 30m8d, secured) and direct-assignment sales up to Rs20Cr plus raising prior Rs8.74Cr approval to Rs12Cr, 90:10, Purple as servicer. Sell-downs now a repeating, scaling channel, still only claimed income-accretive with no completion or income disclosed; new NCD adds costly wholesale debt to a leveraged, loss-making scale-up. Watch executed sell-down amount vs approvals, realised income, retained risk and servicing load; NCD subscribers, security cover and use of proceeds plus leverage impact still unclear.