Purple Finance Ltd
š Purple Finance Ltd. Issues ā¹20 Crore in Non-Convertible Debentures
- Allotted 15,000 debentures to Ambium Finserve Limited for ā¹15 crore
- Allotted 5,000 debentures to Wint Securities Private Limited for ā¹5 crore
- Total issuance: ā¹20 crore
- Debenture face value: ā¹10,000 each
- 12% annual coupon rate with monthly interest payments
- Maturity date: April 26, 2028 (23-month, 29-day tenure)
- Principal repayment in 6 installments with final payment at maturity
- Debentures will be listed on BSE Limited
- Security includes first-ranking pari passu charge on book debts/loan receivables