Announced Fri, 24 Jul · 14:20 IST
Purple Finance open offer closes with weak response - only 36 shares tendered
Compliance View source PDF
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
+3.9%1-day move
₹69.01
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.9+6.5————————
Up moveDown movePending
AI summary
Open offer by Allied Commodities and Sandeep Jindal for up to 1.76 crore shares of Purple Finance at Rs 55 each closed on July 14, 2026. Only 36 shares were tendered against the 26 percent target. Acquirer stake rose from 16.26 percent to 23.90 percent. Post-offer, promoters and acquirers hold 37.22 percent while public holds 62.78 percent.
Likely market impact
Very weak open offer response shows lack of investor interest. Acquirers fell far short of control target.