Acquisitions6 Feb 2026, 10:01 pm
Allied Commodities to Acquire 26.00% Stake in Purple Finance Limited for 255.00 Per Share
AI Summary
Allied Commodities Private Limited and Mr. Sandeep Jindal, along with Intellect Stock Broking Limited, Intellect Money Finvest Private Limited, Mr. Amitabh Chaturvedi, and AC Enterprises Private Limited, are making an open offer to acquire up to 1,76,48,152 fully paid-up equity shares of Purple Finance Limited at a price of 255.00 per share. This represents 26.00% of the emerging voting share capital of Purple Finance Limited.
Key Highlights
- Allied Commodities and Mr. Sandeep Jindal are making an open offer for 26.00% stake in Purple Finance Limited
- The offer price is 255.00 per equity share
- The open offer is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- The total consideration for the open offer is 297,06,48,360.00
- The offer is not conditional upon any minimum level of acceptance