Purple Finance Ltd allots 1,05,93,001 shares

The Board of Directors of Purple Finance Limited (PFL / Transferee Company / Resulting Company) at their Meeting held on 17th March 2024 have issued and allotted 1,05,93,001 (One Crore Five Lacs Ninety-Three Thousand and One) Equity Shares of Rs. 10 each to the Shareholders of Canopy Finance Limited (Transferor Company) whose names appears on the Register of Members of Canopy Finance Limited on the Record date i.e. 15th March 2024 in ratio of 1 : 1 pursuant to Scheme of Merger by Absorption of Canopy Finance Limited by Purple Finance Limited.

Consequent to the aforesaid allotment pursuant Scheme of Merger by Absorption; the Issued, Subscribed and Paid Share Capital of Purple Finance Limited shall be increased from Rs. 23,02,19,530 consisting of 2,30,21,953 Equity Shares of Rs. 10/- each to Rs. 33,61,49,540 consisting of 3,36,14,954 Equity Shares of Rs. 10/- each.

The application shall be made by Purple Finance Limited for listing and trading of the 3,36,14,954 Equity Shares of Rs. 10/- each on the Stock Exchange.

Source : Equity Bulls

Keywords

PurpleFinance SharesAllotment Merger CanopyFinance Shareholders