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As on : 06-Aug-2026
Corporate News
06-Aug-2026     22:40

Purple Finance Limited acquires Saksham Gram Credit via equity share issuance to 92 sellers

Purple Finance Limited is acquiring Saksham Gram Credit Private Limited, making it a wholly-owned subsidiary through the issuance of 99,99,952 equity shares at a price of Rs. 72 per share. The transaction involves multiple sellers, categorized as promoter and investor sellers, totaling 92 allottees. An agreement facilitating the acquisition includes customary provisions and governance rights for Purple Finance Limited, and is not considered a related party transaction. The acquisition represents a significant strategic move for Purple Finance Limited, with detailed disclosures provided regarding allottees and agreement terms, demonstrating a commitment to transparency.

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