Purple Finance Ltd Allots Non-Convertible Debentures to Mr. Sanjeev Prithviraj Kumar
Purple Finance Ltd announced the allotment of Subordinated, Unsecured, Rated, Listed, Redeemable, Transferable, INR Denominated, Non-Convertible Debentures. The allotment of these securities was approved by the Members of the Finance Committee of the Board of Directors on April 06, 2026.The company confirmed the allotment of 500 Non-Convertible Debentures, each having a face value of Rs. 1,00,000/- (Rupees One Lac Only). The total aggregate value of the allotment amounts to Rs. 5,00,00,000/- (Rupees Five Crores Only). This transaction was executed on a Private Placement basis to Mr. Sanjeev Prithviraj Kumar.
The debentures are Subordinated, Unsecured, Rated, Listed, Redeemable, Transferable, INR Denominated, and Non-Convertible.
Details of the Debenture Issuance
The structured details regarding the issuance of the securities are as follows:| Particulars | Detail |
|---|---|
| Type of Securities | Subordinated, Unsecured, Rated, Listed, Redeemable, Transferable, INR Denominated, Non-Convertible Debentures |
| Type of Issuance | Private Placement basis |
| Total Number of Securities / Amount | Upto 500 Non-Convertible Debentures, face value of Rs. 1,00,000/- each, aggregating up to Rs. 5,00,00,000/- |
Key Terms and Tenure
The Non-Convertible Debentures are slated for listing on the BSE limited. Key financial and tenure details associated with the instrument include:- Issue Size: Upto INR 5,00,00,000 (Indian Rupees Five Crores Only)
- Tenure: 61 (Sixty-One) Months
- Date of Allotment: April 06, 2026
- Date of Maturity: May 06, 2031
- Coupon/Interest Rate: 12.50 % (Twelve Decimal Point Five Zero Percent) per annum, payable monthly.
- Principal Redemption: The principal amounts will be payable by the Company on the Final Redemption Date.
- Security Charge: Not Applicable.
The debentures will be fully redeemed at par by the Company on the Final Redemption Date.
Stock Price Movement
Purple Finance Ltd settled at ₹55.74, edging higher by 4.99% as the market closed on Monday. Throughout the day, the shares fluctuated, finding support between ₹52.51 and reaching a high of ₹55.74.Source:
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