Canopy Finance Limited (BSE:539304) entered a scheme of amalgamation to acquire Purple Finance Limited for INR 350 million on November 15, 2022. Canopy Finance Limited will issue 1 fully paid up share in the capital of CFL for every PFL share held by the shareholder. The transaction is subject to approval of the BSE Limited, Calcutta Stock Exchange Limited, SEBI, NCLT and other competent authorities.

The transaction has been approved by the board of CFL.