Purple United Sales Allots Shares And Warrants Worth Rs 47 Crore

Board allotted 7.82 lakh equity shares at Rs 360 for Rs 28.14 Cr to 35 public investors and 5.29 lakh convertible warrants at Rs 360 for Rs 19.03 Cr to promoter/public, 25% upfront. First equity raise since SME listing; shifts debt-funded store expansion toward equity funding. Promoter subscribing to warrants alongside public investors shows insider backing. Fully diluted promoter holding falls to 57.7% from 63.8%; 75% warrant balance due within 18 months. Use of proceeds and pricing basis not disclosed.