Purple Finance Ltd Receives RBI Approval for Acquisition of Control and Shareholding Change
Purple Finance Limited has received approval from the Reserve Bank of India (RBI) regarding the acquisition of control and change in shareholding. The company obtained this crucial sanction from the RBI via a letter dated June 03, 2026.The regulatory clearance pertains to proposed transactions involving an open offer and the issuance of Equity Share Warrants. This approval falls under the Reserve Bank of India (Non-Banking Financial Companies - Acquisition of Shareholding or Control) Directions issued in 2025.
Purple Finance Limited confirmed that all procedural and regulatory formalities related to these planned transactions will be completed in due course, following the receipt of the RBI's sanction.
Stock Price Movement
As of 13:10, the shares of Purple Finance Ltd. are edging lower, currently trading at ₹66.70, marking a decline of 0.95%. These shares have moved within an intraday range, ranging from a low of ₹65.70 to a high of ₹69.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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