
Open Offer30 Jun 2026, 03:11 pm
Purple Finance Open Offer Announcement: ₹55 per share
AI Summary
Mark Corporate Advisors Pvt. Ltd, acting as Manager to the Offer, has submitted an Offer Opening Public Announcement for Purple Finance Limited. The open offer, initiated by Allied Commodities Private Limited and Mr. Sandeep Jindal, aims to acquire up to 1,76,48,152 equity shares at ₹55.00 per share, representing 26.00% of the company's emerging voting capital. This announcement follows previous filings including a Public Announcement on February 6, 2026, a Detailed Public Statement on February 13, 2026, and a Letter of Offer on June 20, 2026. The Committee of Independent Directors has deemed the offer price fair and reasonable.
Key Highlights
- Open offer for Purple Finance shares at ₹55.00 each.
- Acquirers aim to buy up to 1,76,48,152 shares.
- Offer represents 26.00% of the Target Company's voting capital.
- Independent Directors find the offer price fair and reasonable.
- Announcement published in Business Standard on June 30, 2026.
Price Impact
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