Mark Corporate Advisors Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer for the attention of the public shareholders of Purple Finance Ltd ("Target Company").

Allied Commodities Private Limited, along with other acquirers and PACs, has launched an open offer to acquire up to 1,76,48,152 equity shares, representing 26.00% of Purple Finance Ltd's emerging voting capital. The offer price is ₹55.00 per equity share, payable in cash, in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Reserve Bank of India has granted prior approval for this acquisition and the associated change in control. This is a non-conditional offer and not subject to any minimum level of acceptance.