The Finance Committee of the Company at its meeting held on December 04, 2025 has approved a transaction for sale of part of its portfolio to IDFC First Bank Ltd.
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On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 3.1 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Purple Finance's Finance Committee approved on December 4, 2025 the sale of part of its loan portfolio to IDFC First Bank Ltd for Rs. 17.37 crore under RBI's Direct Assignment norms. The transaction follows a 90:10 split — IDFC will hold 90% of the loans while Purple retains 10%. Purple Finance will continue to act as the Servicer for all loans sold. Management stated the deal is income accretive and demonstrates the company's ability to originate quality portfolios.
This is a routine portfolio monetisation move for the NBFC and is expected to be income accretive; short-term impact on stock is likely neutral as the deal size (Rs. 17.37 crore) is modest and Purple retains servicing rights and a 10% stake in the portfolio.