Non-banking financial company Purple Finance has announced plans to acquire Saksham Gram Credit Private Ltd to expand into rural market.
Net profit of Purple Finance reported to Rs 0.02 crore in the quarter ended March 2026 as against net loss of Rs 3.92 crore during the previous quarter ended March 2025.
NBFC firm Purple Finance plans to raise Rs 69.30 crore through the issue of 1.26 crore equity warrants issued at Rs 55 apiece, subject to applicable regulatory approvals.
Net profit of Purple Finance reported to Rs 0.01 crore in the quarter ended December 2025 as against net loss of Rs 1.83 crore during the previous quarter ended December 2024.
Purple Finance Limited, a Mumbai-based non-banking financial company (NBFC), has announced the approval of a Rs 390 million capital raise through a private placement of 10 million equity share warrants, each convertible into one equity share at Rs 39 per share.
The company recently got listed on the Bombay Stock Exchange (BSE), marking a new chapter in its growth trajectory.
Post-merger the capital base of the merged entity will be Rs 30 Crore. Post completion of the listing formalities Purple Finance intends to raise capital to strengthen its capital base using shares as a currency for growth.