Corporate Action15 Jun 2026, 03:05 pm
Purple Finance Allots ₹693 Cr Equity Warrants to Promoters & Others
AI Summary
Purple Finance Ltd's Finance Committee approved the allotment of 1,26,00,000 Equity Share Warrants convertible into equity shares. The total issue size is ₹693 crore, with an issue price of ₹55 per warrant (₹10 face value, ₹45 premium). The allotment includes promoters like Mr. Amitabh Chaturvedi and AC Enterprises Private Limited, as well as non-promoters. 25% of the issue amount has been received, with the balance payable upon exercise within 6 to 18 months. This issuance does not immediately change the company's paid-up equity share capital.
Key Highlights
- Allotment of 1.26 crore equity share warrants approved.
- Total issue size aggregates to ₹693 crore.
- Warrants are convertible into equity shares at ₹55 each.
- Includes allotment to promoters and non-promoters.
- Balance payment due within 6-18 months post-allotment.
Price Impact
More from PURPLEFIN