{"id":34237,"date":"2022-04-06T18:45:52","date_gmt":"2022-04-06T13:15:52","guid":{"rendered":"https:\/\/tradebrains.in\/features\/purple-finance\/"},"modified":"2022-04-06T19:05:43","modified_gmt":"2022-04-06T13:35:43","slug":"purple-finance","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/purple-finance\/","title":{"rendered":"Amitabh Chaturvedi led Purple Finance Ltd. announces its merger with BSE listed Canopy Finance Ltd (BOM: 539304)."},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1341154995\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Mumbai, 6th April, 2022: The Board of Purple Finance met today (5th April 2022) and approved the merger of Purple Finance Ltd. with Canopy Finance Ltd subject to regulatory approvals. The Equity shares of Canopy Finance Ltd are listed on BSE Ltd. &#038; Calcutta Stock Exchange Ltd.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1718740857\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Post-merger the capital base of the merged entity will be ~ INR 30 Crs. Post completion of the listing formalities Purple Finance intends to raise capital to strengthen its capital base using shares as a currency for growth.<\/p>\n<p> Purple Finance a new age digital NBFC will be offering secured business loans ranging from INR 4 lacs \u2013 INR 10 lacs in the outskirts &#038; tier II cities of Maharashtra , Gujarat &#038; Orissa. Purple Finance with its superior technology platform aspires to simplify the existing processes in the mortgages segment and is confident of making a difference to the MSME borrowers with simplified funding options and timely loan disbursements.<\/p>\n<p> Purple Finance is all set to build a large institution with a vision to set up a Small Finance Bank in next ~ 4-5 years.<\/p><div class=\"trade-content_5\" id=\"trade-2096435893\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> https:\/\/purplefinance.in\/    PWR PWR<\/p>\n<div class=\"trade-after-content\" id=\"trade-4260054554\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, 6th April, 2022: The Board of Purple Finance met today (5th April 2022) and approved the merger of Purple Finance Ltd. with Canopy Finance Ltd subject to regulatory approvals. The Equity shares of Canopy Finance Ltd are listed on BSE Ltd. &#038; Calcutta Stock Exchange Ltd. Post-merger the capital base of the merged entity [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-34237","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amitabh Chaturvedi led Purple Finance Ltd. announces its merger with BSE listed Canopy Finance Ltd (BOM: 539304). - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/purple-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amitabh Chaturvedi led Purple Finance Ltd. announces its merger with BSE listed Canopy Finance Ltd (BOM: 539304).\" \/>\n<meta property=\"og:description\" content=\"Mumbai, 6th April, 2022: The Board of Purple Finance met today (5th April 2022) and approved the merger of Purple Finance Ltd. with Canopy Finance Ltd subject to regulatory approvals. 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