Purple Finance Limited board approves rights issue of Rs. 45 crores

The Board of Directors of Purple Finance Limited at their Meeting held on 20th June, 2024 have considered and approved the Offer and issuance of fully paid-up equity shares of the Company for an amount not exceeding ₹45,00,00,000/- (Rupees Forty Five Crores Only) by way of a Rights Issue to the eligible equity shareholders of the Company as on Record Date (to be determined and notified subsequently), in accordance with the applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements), 2018, as amended, subject to such approvals, as may be required under the applicable laws (hereinafter referred to as "Rights Issue").

Source : Equity Bulls

Keywords

PurpleFinance FundRaising RightsIssue