BSECompany UpdateM&A23 Jun 2026
Purple Finance Ltd
Please find enclosed Intimation of recommendation by the Committee of Independent Director
Purple Finance Ltd announced that its Committee of Independent Directors (IDC) has provided their reasoned recommendations concerning an open offer. The open offer, made by Allied Commodities Private Limited and Mr. Sandeep Jindal along with their Persons Acting in Concert (PACs), aims to acquire up to 26% of Purple Finance Ltd's equity shares at INR 55 per share. The IDC's recommendations were submitted following a review of the public announcement and letter of offer, in compliance with SEBI SAST Regulations.
BSECompany Update▲ PositiveM&A23 Jun 2026
Purple Finance Ltd
Please find enclosed the receipt of Draft Letter of Offer
Purple Finance Ltd has announced the receipt of a Letter of Offer dated June 20, 2026, from Allied Commodities Private Limited and Mr. Sandeep Jindal, along with persons acting in concert, for an open offer. The offer aims to acquire up to 1,76,48,152 equity shares, representing 26.00% of the target company's emerging voting capital, at a price of ₹55.00 per share, payable in cash. The offer is made under SEBI SAST Regulations and has secured prior approval from the Reserve Bank of India for the proposed acquisition and change in control of the company.
BSECompany Update▲ PositiveM&A23 Jun 2026
Purple Finance Ltd
Please find enclosed the intimation for receipt of letter of offer by Mark Corporate Advisors Private Limited
Purple Finance Ltd announced the receipt of the final Letter of Offer from Mark Corporate Advisors Private Limited for an open offer. Acquirers Allied Commodities Private Limited, Mr. Sandeep Jindal, and Two Infinity Partners, along with Persons Acting in Concert (PACs), intend to acquire up to 1,76,48,152 equity shares, representing 26.00% of the company's emerging voting capital, at an offer price of ₹55.00 per share, payable in cash. The Reserve Bank of India has granted its prior approval for this acquisition and change in control.
BSECompany Update▲ PositiveM&A23 Jun 2026
Purple Finance Ltd
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.