The Board at their Meeting held on 15th May, 2025 have considered and approved the Record Date as Friday, May 23, 2025 for the purpose of determining the equity shareholders who shall be ....
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Awaiting price reaction for this filing.
Purple Finance's Board, at its meeting on May 15, 2025, has approved Friday, May 23, 2025 as the Record Date to identify equity shareholders eligible to receive the Rights Entitlement in the company's proposed Rights Issue. Shareholders on the record date will have Rights Entitlements credited to their demat accounts through NSDL and CDSL ahead of the issue opening. A dedicated ISIN (INE0CYK20023) has been created for the Rights Entitlement. The filing does not disclose the issue size, ratio, or pricing terms.
Investors must hold shares by May 23, 2025 to participate in the Rights Issue. The move signals an upcoming capital raise, though the dilution effect and attractiveness for shareholders will depend on the issue price, ratio, and overall size, which are yet to be disclosed.