Deals23 Sept 2026, 07:01 pm
Purple Finance Allots 99.99 Lakh Shares in Share Swap Deal
AI Summary
Purple Finance Ltd announced the outcome of its Board Meeting held on September 23, 2026. The board approved the allotment of 99,99,952 equity shares of face value Rs. 10 each at an issue price of Rs. 72 per share. This allotment is for consideration other than cash, to the shareholders of Saksham Gram Credit Private Limited, as part of a share swap arrangement. The shares were issued at a premium of Rs. 62 per share. The filing details a list of 69 allottees from Saksham Gram Credit Private Limited who will receive Purple Finance Limited shares.
Key Highlights
- Board approved allotment of 99,99,952 equity shares.
- Allotment is part of a share swap arrangement with Saksham Gram Credit.
- Equity shares issued at Rs. 72 each, including a premium of Rs. 62.
- Transaction is for consideration other than cash.
- Details of 69 allottees are provided in the filing.
Price Impact
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