India, July 22 -- Purple Finance Ltd has announced plans to acquire Saksham Gram Credit Pvt. Ltd. as a wholly owned subsidiary, marking a key step in its inorganic growth strategy. The proposed acquisition, subject to due diligence and regulatory approvals, is expected to strengthen the company's presence in rural and semi-rural markets while expanding its distribution network across Tier III and Tier IV cities, particularly in southern India.
The BSE-listed NBFC has also secured equity fund-raising commitments of Rs. 108 crore, enhancing its capital base to support future asset growth. As of June 30, 2026, the company reported assets under management (AUM) of over Rs. 278 crore, reflecting a 116% year-on-year increase, while cumulative lo...