Announced Mon, 29 Jun · 16:37 IST
Purple Finance to sell Rs 23 cr loan portfolio via Direct Assignment
Compliance View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹63.83
prior close
₹63.40
base price
After-mkt
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AI summary
Purple Finance's Finance Committee on June 29, 2026 approved sale of part of its loan portfolio worth up to Rs 23 crore via the Direct Assignment route under RBI's 2021 Master Direction on Loan Exposure Transfers. The deal has a 90:10 participation ratio, where assignees take 90 percent and Purple Finance retains 10 percent. Purple Finance will continue to act as servicer. The company says the deal is income accretive and shows its ability to originate quality loans.
Likely market impact
Positive - frees up capital, expected to boost income, and validates Purple Finance's loan origination capability.