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Finance Committee approved the sale of up to ₹5.38 crore of loans through direct assignment, with assignees retaining a 90% participation and Purple Finance retaining 10% while continuing as servicer. The company expects the transactions to be income-accretive and says they validate its loan-origination quality.
Purple Finance Signs Binding ₹99 Crore Saksham Gram Credit Acquisition Deal
Purple Finance Board Gives In-Principle Nod For Saksham Gram Credit Acquisition
Purple Finance Sells ₹23 Crore Loan Portfolio Under Direct Assignment