Purple Finance Ltd Share Price – BSE

Finance, Small Cap

Net Loss of Purple Finance reported to Rs 5.57 crore in the quarter ended September 2024 as against net loss of Rs 2.51 crore during the previous quarter ended September 2023. Sales rose 37.06% to Rs 2.70 crore in the quarter ended September 2024 as against Rs 1.97 crore during the previous quarter ended September 2023.

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Purple Finance will hold a meeting of the Board of Directors of the Company on 25 October 2024.

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Purple Finance has announced the successful closure of its recent rights issue, which was oversubscribed by 1.5 times. The issue offered 1,12,04,985 shares at Rs 40 per share, resulting in strong investor interest, with valid applications totaling 1,71,99,236 shares—53% higher than the issued amount.

This successful fundraising reflects strong investor confidence in Purple Finance's strategy to support micro, small and medium enterprises (MSMEs) in meeting their funding needs. The capital raised from the rights issue will be used to expand the company's loan book, enhancing its ability to provide essential financial services to underserved businesses. This also validates the company's vision and operational capabilities, reinforcing its position as a growing financial institution.

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Purple Finance will hold a meeting of the Board of Directors of the Company on 20 September 2024.

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