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As on : 06-Aug-2026
Corporate News
06-Aug-2026     22:43

Purple Finance Limited acquires Saksham Gram Credit Private Limited, becoming its sole owner

Purple Finance Limited is acquiring Saksham Gram Credit Private Limited, making it a wholly-owned subsidiary through the issuance of 99,99,952 equity shares at a price of Rs. 72 per share. The transaction involves multiple sellers, including six promoters and 86 individual and corporate investors such as KJMC Financial Services Limited and Abizer Diwanji. Annexures II, III, and IV detail the acquisition agreement, outlining terms, conditions, and governance provisions. The acquisition is being conducted at arm’s length and is not a related-party transaction. This represents a significant move for Purple Finance, consolidating control over Saksham Gram Credit Private Limited and reflecting a thorough due diligence process.

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