Announced Wed, 23 Sept, 2026 · 19:00 IST
Purple Finance allots shares to acquire Saksham Gram Credit as wholly owned subsidiary
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
-2.7%1-day move
₹73.50
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.7-1.9-4.2-3.1-6.1-4.8————
Up moveDown movePending
AI summary
Purple Finance board approved allotment of 99,99,952 equity shares at Rs. 72 each (face value Rs. 10, premium Rs. 62) to 92 shareholders of Saksham Gram Credit via share swap. Saksham becomes wholly owned subsidiary. Paid-up capital rises from Rs. 67.14 crore to Rs. 77.14 crore. Board also approved acquisition of NPA portfolio up to Rs. 15.50 crore per RBI directions.
Likely market impact
Expands business via share swap acquisition, slight dilution for existing shareholders. NPA portfolio buy may boost recovery income.