Open Offer Letter of Offer received at ₹55 per share for 26% stake
Price
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Purple Finance received the Letter of Offer for an Open Offer triggered by preferential allotment of 1.26 crore convertible warrants. Acquirers Allied Commodities and Sandeep Jindal along with 4 PACs (Intellect Stock Broking, Intellect Money Finvest, Amitabh Chaturvedi, AC Enterprises) offer to buy up to 1,76,48,152 shares (26% of emerging voting capital) at ₹55 per share, aggregating about ₹97.06 crore. RBI approval received June 3, 2026. Offer window: July 1 to July 14, 2026. No delisting planned.
Shareholders can tender shares at ₹55 between July 1-14, 2026. Change of control triggered by warrant allotment; acquirers do not plan to delist.