Purple Finance Ltd — Important, 01-01-1970: Company Update

Allied Commodities Private Limited and Mr. Sandeep Jindal, with associated entities, have launched an open offer to acquire up to 1.76 crore equity shares of Purple Finance Limited, representing 26% of its Emerging Voting Capital. The offer price is ₹55.00 per share, payable in cash, with no revisions. The Independent Directors believe this price is fair and reasonable from a regulatory perspective. Acquirers aim to significantly increase their stake and gain joint control, intending to cross 25% ownership. An escrow of ₹31.24 crore has been established for the offer. RBI has approved the acquisition. The tendering period for shareholders to participate in the open offer begins on July 1st and closes on July 14th.