The following 13 Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI...
The Reserve Bank of India cancelled the registration certificates of four non-banking financial companies. Thirteen other NBFCs have surrendered their licence to the central bank.
Post-merger the capital base of the merged entity will be Rs 30 Crore. Post completion of the listing formalities Purple Finance intends to raise capital to strengthen its capital base using shares as a currency for growth.