NSEGeneral Updates6 Aug 2026 · 6 Aug 2026, 11:29 pm
General Updates
DCB Bank Limited · DCBBANK
✦ AI SummaryDivestiture
DCB Bank Limited has agreed to sell its 9.65% equity holding in Saksham Gram Credit Private Limited to Purple Finance Limited for Rs 2.60 Crores in cash and 9,65,055 equity shares in Purple Finance Limited worth Rs 6.95 Crores.
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DCB Bank Limited has informed the Exchange about General Updates
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Ref. No.CO:CS:RC:2026-27:108 August 06, 2026
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Fort, Bandra (E),
Mumbai - 400 001. Mumbai – 400 051
BSE Scrip Code No.: 532772 NSE SYMBOL: DCBBANK
Dear Sir/ Madam,
Sub.- Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (SEBI Listing Regulations)
Pursuant to Regulation 30 of the SEBI Listing Regulations and refer our earlier intimation
Ref No.CO:CS:RC:2024-25:209 dated October 11, 2024, we wish to inform you that DCB Bank
Limited (“the Bank”) has agreed to sell its equity holding of 9.65% in Saksham Gram Credit Private
Limited. The consideration would be partially in cash of Rs 2.60 Crores and remaining in the form of
investment of 9,65,055 equity shares (1.02% Diluted paid-up capital) in Purple Finance Limited
amounting to Rs 6.95 Crores.
The details required under Regulation 30 of the SEBI Listing Regulations read with the applicable
SEBI Circular are enclosed as Annexure A.
You are requested to take the above on record.
Thanking you,
Yours faithfully,
For DCB Bank Limited
Rubi Chaturvedi
Company Secretary &
Compliance Officer
DCB Bank Limited
Corporate & Registered Office: 6th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013
CIN: L99999MH1995PLC089008 Tel: +91 22 66187000 Fax: +91 22 66589970 Website: www.dcb.bank.in
Annexure A
Sr Particular Details
1 Name of the target entity, Disinvestment in - Saksham Gram Credit Pvt Ltd
details in brief such as size, Saksham Gram Credit Pvt Ltd is company registered
turnover, etc. under Indian Companies Act, 2013. It started its
commercial operations in Nov 2020. Saksham Gram
Credit Pvt Ltd works as Business Correspondents to
Banks and Non-Banking Financial Companies
(NBFC’s) in India and is involved in providing micro-
loans under the JLG model, individual enterprise loan
(MSME), credit-linked insurance on behalf of banking
partners.
Investment in Purple Finance Limited:
Purple Finance Limited, a BSE listed NBFC, registered
with the Reserve Bank of India (RBI) as an Investment
and Credit Company. It is engaged in the business of
providing secured loans to micro and small enterprises
for business expansion.
Purple Finance Limited proposes to take over
Saksham Gram Credit Pvt Ltd as 100% subsidiary
subject to stakeholders and regulatory approvals.
AUM of Rs 249 Crores as of March 2026.
2 Whether the acquisition would Not applicable
fall within related party
transaction(s) and whether the
promoters/promoter group/
group companies have any
interest in the entity being
acquired? If yes, nature of
interest and details thereof
and whether the same is done
at "arm's length".
3 Industry to which the entity Saksham Gram Credit Pvt Ltd - Business
being acquired belongs. Correspondent (BC) services to the Banks and
NBFCs.
Purple Finance Limited – NBFC engaged in the
business of providing secured loans to micro and small
enterprises for business expansion.
4 Objects and impact of Secondary Sell of equity shareholding in Saksham
acquisition (including but not Gram Credit Pvt. Ltd.
limited to, disclosure Consideration in Cash: Rs 2.60 Crores
of reasons for acquisition of Consideration other than Cash: 9,65,055 equity shares
target entity, if its business is (1.02%) in Purple Finance Limited amounting to
outside the main line of Rs. 6.95 Crores.
business of the listed entity).
5 Brief details of any Subject to such governmental, statutory and regulatory
governmental or regulatory approvals, as may be required upon finalisation of the
DCB Bank Limited
Corporate & Registered Office: 6th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013
CIN: L99999MH1995PLC089008 Tel: +91 22 66187000 Fax: +91 22 66589970 Website: www.dcb.bank.in
approvals required for the of the transaction structure and valuation.
acquisition.
6 Indicative time period for The proposed acquisition is expected to be completed
completion of the acquisition. within the stipulated timeline of 6 months. The
Company will undertake and ensure completion of all
necessary corporate, regulatory, legal and other
compliance requirements within the aforesaid period
and receipt of all requisite internal and external
approvals, as may be applicable.
7 Consideration - whether cash Consideration in Cash: Rs 2.60 Crores
consideration or share swap or Consideration other than Cash: 9,65,055 equity shares
any other form and details of (1.02%) in Purple Finance Limited amounting to
the same Rs. 6.95 Crores
8 cost of acquisition and/or the Disinvestment in Saksham Gram Credit Pvt. Ltd.
price at which the shares are (17,49,991 number of shares) at a price of Rs. 54.60
acquired per share amounting to Rs. 9.55 Crores.
Investment in Purple Finance Limited in 9,65,055
shares at Rs 72 /share amounting to Rs 6.95 Crores.
9 Percentage of shareholding / Post investment in Purple Finance Limited, DCB Bank
control acquired and / or will hold 1.32% shareholding (Existing paid-up capital)
number of shares acquired. and 1.02% shareholding (Diluted paid-up capital) in
Purple Finance Limited.
10 Brief background about the Purple Finance Limited - The Company was originally
entity acquired in terms of incorporated on November 09, 1993, under the
products/line of business Companies Act, 1956, as a Private Limited Company
acquired, date of
under the name Devipura Balaji Securities &
incorporation, history of last 3
Investments Private Limited. Subsequently, the
years turnover, country in
Company was converted into a Public Limited
which the acquired entity has
Company and renamed Devipura Balaji Securities &
presence and any other
Investments Limited. The Company changed the name
significant information (in brief)
and was granted a Certificate of Registration by the
Registrar of Companies, Mumbai, changing its name
to Purple Finance Limited, effective January 06, 2014.
Purple Finance Limited, a BSE listed NBFC, registered
with the Reserve Bank of India (RBI) as an Non-
Systemically Important Non-Deposit Taking Non-
Banking Financial Company categorized as an
Investment and Credit Company (NBFC -ICC) is
planning to take over Saksham Gram Credit Pvt. Ltd
as 100% subsidiary subject to stakeholders and
regulatory approvals. It is engaged in the business of
providing secured loans to micro and small enterprises
for business expansion.
Total Assets under Management (AUM) has grown
from Rs 103 Crores as on March 2025 to Rs 249
Crores as on March 2026.
DCB Bank Limited
Corporate & Registered Office: 6th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013
CIN: L99999MH1995PLC089008 Tel: +91 22 66187000 Fax: +91 22 66589970 Website: www.dcb.bank.in