Purple Finance Signs Binding ₹99 Crore Saksham Gram Credit Acquisition Deal

Board approved acquisition of 100% of Saksham Gram Credit for approximately Rs 99 Cr, funded through a share swap of about Rs 72 Cr and cash consideration, making it a wholly owned subsidiary. It also approved preferential issuance of 1.40 Cr shares at Rs 72 each, representing 14.82% of diluted capital, and increased authorised capital to Rs 97.6 Cr, subject to shareholder and regulatory approvals.