The Finance Committee of the Company at its Meeting held on Thursday, September 25, 2025 has approved a transaction for sale of part of its portfolio to Ambit Finvest Private Limited.
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Awaiting price reaction for this filing.
Purple Finance's Finance Committee approved selling part of its loan portfolio to Ambit Finvest Private Limited for Rs. 15.70 crore under a Direct Assignment structure, in line with RBI's Master Directions on Transfer of Loan Exposures. The deal is structured on a 90:10 basis, meaning Ambit will take 90% of the portfolio while Purple Finance retains 10%. Purple Finance will continue to act as the Servicer for all loans sold under this arrangement. The company highlighted that the transaction is income accretive and demonstrates its ability to build quality loan portfolios.
This is a routine balance-sheet management move for an NBFC and should be mildly positive as it unlocks earnings and frees up capital for fresh lending. No material impact on share price is expected as the deal size is modest relative to typical operations.