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Purple Finance Ltd. Approves Rs. 44.82 Crore Rights Issue

Purple Finance Ltd. has approved a rights issue of 1,12,04,985 fully paid-up equity shares, amounting to Rs. 44.82 crore, in its Finance Committee meeting held on 20th September, 2024. The rights issue price is set at Rs. 40 per equity share, including a premium of Rs. 30 per share. The record date is set for 26th September, 2024, and the rights issue period is from 4th October to 11th October, 2024. The company has also arranged for the credit of rights entitlements in dematerialized form in the demat accounts of the eligible equity shareholders.

• Purple Finance Ltd. approves a rights issue of Rs. 44.82 crore.
• 1,12,04,985 fully paid-up equity shares to be issued.
• Rights issue price set at Rs. 40 per equity share, including a premium of Rs. 30 per share.
• Record date set for 26th September, 2024.
• Rights issue period from 4th October to 11th October, 2024.
• Arrangements made for the credit of rights entitlements in demat accounts.