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Purple Finance Approves ₹8.74 Crore Loan Assignment, Allots 82 Lakh Shares


10 September 2026
Purple Finance Ltd.

Approved up to Rs8.74cr direct-assignment sale at 90:10 with Purple as servicer, 55 lakh share warrant conversion at Rs39 to promoter Intellect Money for Rs16.09cr, and 27 lakh preferential shares at Rs72 to Manisha Agarwal for Rs19.44cr. Context: second assignment scaling new channel amid recurring dilution-heavy raises.


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