Shareholding21 Sept 2026, 11:09 am
Intellect Money Finvest Acquires 55 Lakh Shares in Purple Finance
AI Summary
Intellect Money Finvest Private Limited has acquired 55,00,000 equity shares in Purple Finance Limited, representing 8.54% of the total share capital. This acquisition occurred through a preferential allotment following the conversion of warrants. Prior to this, Intellect Money Finvest held 45,00,000 shares. The total holding post-acquisition is 1,00,00,000 shares, constituting 15.52% of the total share capital. The conversion ratio was 1 warrant to 1 equity share, with the acquisition date being September 16, 2026. This filing is in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Intellect Money Finvest acquired 55 lakh shares in Purple Finance.
- Acquisition was via preferential allotment of converted warrants.
- Total holding increased to 1 crore shares (15.52% stake).
- Transaction complies with SEBI SAST Regulations, 2011.
- Date of acquisition: September 16, 2026.
Price Impact
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