Acquisitions23 Sept 2026, 07:10 pm
Purple Finance Allots 99.99 Lakh Shares for Saksham Credit Acquisition
AI Summary
Purple Finance Ltd announced the allotment of 99,99,952 equity shares at Rs. 72 per share to the shareholders of Saksham Gram Credit Private Limited. This allotment is for consideration other than cash, pursuant to a share swap arrangement approved by the Board of Directors. The transaction involves issuing shares at a premium of Rs. 62 per share, with a face value of Rs. 10. This move signifies Purple Finance's strategic expansion through acquisition.
Key Highlights
- Allotment of 99,99,952 equity shares by Purple Finance Ltd.
- Acquisition of Saksham Gram Credit Private Limited shareholders.
- Issue price fixed at Rs. 72 per share, including a premium of Rs. 62.
- Transaction executed via share swap arrangement for consideration other than cash.
- Board of Directors approved the allotment on September 23, 2026.
Price Impact
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