Mark Corporate Advisors Pvt. Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement under Regulation 18(7) of Securities and Exchange Board of India ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Allied Commodities Pvt Ltd (Acquirer 1) and Mr. Sandeep Jindal (Acquirer 2), along with Persons Acting in Concert (PACs) — Intellect Stock Broking, Intellect Money Finvest, Mr. Amitabh Chaturvedi, and AC Enterprises — have launched an open offer to acquire up to 1,76,48,152 equity shares of Purple Finance Limited, representing 26% of the Emerging Voting Capital, at ₹55 per share (face value ₹10). The offer is triggered under Regulations 3 and 4 of SEBI (SAST) Regulations, 2011, and post-completion the Acquirers along with PAC 1 and PAC 2 will gain joint control and join the promoter group. The tendering window opens on July 1, 2026 and closes on July 14, 2026. The Independent Directors Committee (IDC) has reviewed the offer and recommended it as fair and reasonable. RBI approval (June 3, 2026) and SEBI observations (June 12, 2026) have both been received, and no other major statutory approvals are pending. Currently, the Acquirer group holds 19.18% and existing promoter Mr. Amitabh Chaturvedi (PAC 3) holds 9.67% of the voting capital.
Public shareholders of Purple Finance can tender their shares between July 1 and July 14, 2026 at ₹55 per share in cash, with the offer price serving as a near-term reference price for the stock. The deal will result in a change of control with new entities joining the promoter group, which could alter the company's future strategic direction but also provides liquidity at a defined price for retail holders.