Board Meeting6 Aug 2026, 09:50 pm
Purple Finance Board Approves Share Capital Increase & Preferential Allotment
AI Summary
Purple Finance Limited's Board of Directors convened on August 6, 2026, approving a significant increase in the company's authorized share capital from ₹82.60 Crores to ₹97.60 Crores. This involves creating an additional 1.50 Crore equity shares. The board also approved a preferential allotment of 99,99,952 equity shares for cash consideration (other than cash) to Saksham Gram Credit Private Limited shareholders, in exchange for acquiring 1.81 Crore equity shares of Saksham. Additionally, 40 Lakh equity shares will be issued for cash to Mrs. Manisha Agarwal. The total consideration for the Saksham acquisition is approximately ₹99 Crores, comprising cash and share swap components.
Key Highlights
- Authorized share capital increased by ₹15 Crores.
- Board approved preferential allotment for Saksham acquisition.
- Acquisition of Saksham Gram Credit involves share swap and cash.
- 40 Lakh shares to be issued to Mrs. Manisha Agarwal for cash.
- Total consideration for Saksham acquisition is ₹99 Crores.
Price Impact
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