Regulatory4 Jun 2026, 01:09 pm
Purple Finance Gets RBI Approval for Shareholding Change
AI Summary
Purple Finance Limited has received approval from the Reserve Bank of India (RBI) for a change in shareholding and acquisition of control. This approval, dated June 03, 2026, pertains to a proposed open offer and the issuance of Equity Share Warrants under RBI's Non-Banking Financial Companies (Acquisition of Shareholding or Control) Directions, 2025. The company will complete the necessary procedural and regulatory formalities in due course.
Key Highlights
- RBI approval received for shareholding change and control acquisition.
- Approval relates to proposed open offer and equity share warrant issuance.
- Transaction falls under RBI's NBFC acquisition of shareholding directions.
- Company to complete remaining formalities shortly.
Price Impact
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