Announced Mon, 15 Jun · 15:04 IST
Allotment of 1.26 Crore Equity Share Warrants on Preferential Basis
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+1.7%1-day move
₹66.78
prior close
₹66.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+1.2+1.2—+1.7+1.2-2.7-1.7-0.4-1.5-3.4-1.2——
Up moveDown movePending
AI summary
Purple Finance's Finance Committee approved allotment of 1,26,00,000 equity share warrants at Rs. 55 each (including Rs. 45 premium, face value Rs. 10) on a preferential basis, aggregating Rs. 69.30 crores. Allottees include 2 promoter/promoter group entities and 6 non-promoters. The company received 25% upfront (Rs. 17.325 crores); the balance is payable upon warrant exercise within 18 months. No change in paid-up capital until conversion.
Likely market impact
Future dilution possible when warrants convert; shows promoter group and outside investor confidence through fresh capital infusion.