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Purple Finance Limited's Board has approved a significant capital raise and acquisition strategy. The authorized share capital will increase from Rs. 82.60 Cr to Rs. 97.60 Cr. The company plans to issue 1.39 Cr equity shares via preferential allotment, including 99.99 lakh shares to acquire Saksham Gram Credit Private Limited and 40 lakh shares for Rs. 28.80 Cr cash. This acquisition will make Saksham a wholly-owned subsidiary for approximately Rs. 99 Cr, paid through cash and a share swap. These actions require shareholder approval at an upcoming Extra-Ordinary General Meeting.