Purple Finance Limited, an MSME-focused NBFC listed on the BSE (purplefin), has announced the successful closure of its recent rights issue, which was oversubscribed by 1.5 times. The issue offered 1,12,04,985 shares at Rs.40 per share, resulting in strong investor interest, with valid applications totaling 1,71,99,236 shares—53% higher than the issued amount.
This successful fundraising reflects strong investor confidence in Purple Finance's strategy to support micro, small and ...
Purple Finance Limited Rights Issue Oversubscribed 1.5 Times
