Announced Tue, 23 Jun · 15:59 IST
Open Offer for Purple Finance at Rs 55 per share
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹66.40
prior close
₹67.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.6-0.6-0.6-0.6-3.9-1.9-3.4-3.0-3.6-2.3+3.2——
Up moveDown movePending
AI summary
Allied Commodities Pvt Ltd and Mr Sandeep Jindal, with 4 persons acting in concert, are making a mandatory open offer to buy up to 1.76 crore shares (26% of emerging voting capital) of Purple Finance at Rs 55 per share, totaling about Rs 97 crore. Offer opens July 1 and closes July 14, 2026. RBI has approved the change in control. This follows a preferential issue of 1.26 crore convertible warrants at Rs 55 each in February 2026.
Likely market impact
Public shareholders can tender shares at Rs 55 between July 1-14, 2026. Acquirers and PACs will take joint control of the company post-offer. No delisting planned.