Canopy Finance Ltd receives RBI NOC for merger with Purple Finance Ltd

The Reserve Bank of India has said that it does not have any objection to the proposed Scheme of Merger by Absorption of Canopy Finance Limited by Purple Finance Limited by way of Reverse Merger.

Shares of Canopy Finance Ltd was last trading in BSE at Rs. 48.85 as compared to the previous close of Rs. 46.55. The total number of shares traded during the day was 21329 in over 66 trades.

The stock hit an intraday high of Rs. 48.85 and intraday low of 48.50. The net turnover during the day was Rs. 1037644.00.

Source : Equity Bulls

Keywords

CanopyFinance INE095R01016 RBI NOC ReverseMerger PurpleFinance NBFC