The Finance Committee of the Board of Directors of the Company in their Meeting held on Tuesday, May 27, 2025 have changed the last date for on Market Renunciation from Friday, June 06, ....
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Purple Finance Limited has revised the last date for On Market Renunciation of its Rights Entitlements from Friday, June 6, 2025 to Thursday, June 5, 2025, shortening the window by one day. The company is issuing up to 96,04,273 fully paid-up equity shares at ₹42 each (including a ₹32 premium) on a rights basis, aggregating up to ₹4,033.79 lakhs. The ratio is 3 equity shares for every 14 shares held, with the record date already set as May 23, 2025. The issue opens on June 2, 2025 and closes on June 10, 2025, with listing expected around June 19, 2025. A corrigendum to the Letter of Offer has been issued to reflect this revised date across all relevant pages.
This is a minor administrative correction that reduces the on-market renunciation period by one day. Eligible shareholders wishing to sell or transfer their rights entitlements must now do so by June 5, 2025 instead of June 6, 2025; the overall rights issue timeline remains largely intact.