BSECompany Update4d ago · 6 Aug 2026, 10:04 pm
Please find enclosed intimation of Press Release
Purple Finance Ltd · 544191
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Purple Finance Ltd has announced the acquisition of Saksham Gram Credit Private Ltd for ₹99 Crore, expanding its rural and semi-urban footprint. The acquisition will strengthen its distribution network and deepen its presence across Tier II, Tier III, and Tier IV markets.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Purple Finance Ltd - 544191 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Ref: PFL/BSE/2026-27/ 64
Date: August 06, 2026
BSE Limited
The Corporate Relationship Department
P.J. Towers, 1st Floor,
Dalal Street,
Mumbai – 400 001
Equity Debt
Scrip Code 544191 977452 977715 977718 977748 978011
Scrip ID PURPLEFIN 1225PFL28 1250PFL31 PFL06426 12PFL28 1190PFL28
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015- Press Release
Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we hereby inform that the company has issued
a press release regarding the acquisition of Saksham Gram Credit Private Limited
by Purple Finance Limited. A copy of the press release is attached herewith for
reference.
This is for your information and records.
Thanking You,
Yours faithfully,
For Purple Finance Limited
Ruchi Nishar
Company Secretary and Compliance Officer
Encl: As above
Purple Finance Limited
Registered Office: 11, Indu Chamber, 349/353, Samuel Street, Masjid Bunder West, Mumbai – 400003.
Corporate Office: 5/502, 5th Floor, Hallmark Business Plaza, Sant Dnyaneshwar Marg, Opp. Gurunanak Hospital Bandra East, Mumbai- 400051
Tel. No.: +91-22 6916 5100 | www.purplefinance.in | CIN No. L67120MH1993PLC075037 | customersupport@purplefinance.in
Purple Finance to Acquire Saksham Gram Credit for a deal value of ₹99
Crore, Expanding It’s Rural & Semi-Urban Footprint
Mumbai, 6 August 2026: BSE-listed non-banking financial company (NBFC) Purple Finance
Limited, at its Board meeting held today, approved the acquisition of Saksham Gram Credit
Private Limited as its wholly owned subsidiary for a deal value of ₹99 Crore. In the same
meeting, the Board also approved a preferential allotment of approximately 1.4 crore equity
shares at an issue price of ₹72 per share, aggregating to approximately ₹101 crore, subject to
the completion of necessary regulatory approvals.
The proposed acquisition marks a significant step in the Company's growth journey and
reflects its continued commitment towards expanding financial inclusion by strengthening its
presence across rural and semi-urban markets.
Upon completion of the transaction, the Company will significantly expand its national
footprint, growing from over 50 branches to nearly 200 branches across 12 states. The
acquisition will strengthen its distribution network, deepen its presence across Tier II, Tier III
and Tier IV markets, and will also help to establish a strategic foothold in Southern India.
The acquisition of Saksham Gram further strengthens Purple Finance's readiness for its long-
term aspiration of becoming a Small Finance Bank.
Founded in December 2019, Saksham Gram Credit Private Limited is one of India's leading
Business Correspondents, providing services to banks and non-banking financial companies
(NBFCs). The company facilitates microfinance, unsecured business loans and secured
business loans, primarily serving customers in rural and semi-urban markets. It operates
through a network of 147 branches across 10 states, covering 74 districts, supported by over
31,000 microfinance centres and a workforce of approximately 900 employees.
About Purple Finance Limited
(BSE: PURPLEFIN) Purple Finance Limited is registered with the Reserve Bank of India as a
non-deposit taking NBFC. The company forayed into retail secured lending in 2022, when
Three Seasoned Professionals partnered with founder Amitabh Chaturvedi to transform
Purple Finance into a digital-first, MSME-focused lender. Together, this founding team brings
over 125 years of combined leadership experience from leading financial services institutions.
Purple Finance now serves micro and small enterprises with secured business loans,
leveraging technology and deep industry expertise to drive responsible growth. The company
is listed on Bombay Stock Exchange.
For further information please contact:
Purple Finance
Souvik Dasgupta
investordesk@purplefinance.in
+022 6916 5100