DCB Bank Sells Saksham Gram Stake for ₹9.55 Cr, Invests in Purple Finance
DCB Bank will sell its 9.65% stake in Saksham Gram Credit for ₹2.60 Cr cash and invest ₹6.95 Cr in Purple Finance. This involves acquiring 9,65,055 shares in Purple Finance, a BSE-listed NBFC. The transaction is expected to conclude within six months.
The sale of a stake in a subsidiary and investment in another company, especially one that plans to acquire the divested entity, represents a strategic shift for DCB Bank. The total transaction value of ₹9.55 Crores, while not massive for a bank, is significant enough to warrant a medium impact assessment.
The announcement details a divestment and investment transaction which has both cash and share components. While it involves strategic adjustments, the immediate financial impact is neutral as it's a reallocation of assets rather than a significant profit or loss event.
DCB Bank Limited has announced its agreement to sell its entire 9.65% equity holding in Saksham Gram Credit Private Limited. The disinvestment will be realized through a combination of cash and an investment in Purple Finance Limited.
The transaction includes a cash consideration of ₹2.60 Crores. Additionally, DCB Bank will invest ₹6.95 Crores in Purple Finance Limited by acquiring 9,65,055 equity shares, representing 1.02% of the diluted paid-up capital of Purple Finance.
Saksham Gram Credit Private Limited, operational since November 2020, functions as a Business Correspondent for Banks and NBFCs, focusing on micro-loans under the JLG model and individual enterprise loans for MSMEs. Purple Finance Limited, a BSE-listed NBFC registered with the RBI as an Investment and Credit Company, is engaged in providing secured loans to micro and small enterprises. Purple Finance Limited plans to acquire Saksham Gram Credit Private Limited as its wholly-owned subsidiary, subject to necessary approvals. As of March 2026, Purple Finance Limited had Assets Under Management (AUM) of ₹249 Crores.
The total consideration for the disinvestment in Saksham Gram Credit Pvt. Ltd. amounts to ₹9.55 Crores, with shares acquired at ₹54.60 per share. The investment in Purple Finance Limited is at ₹72 per share. Post-investment, DCB Bank will hold 1.32% of the existing paid-up capital and 1.02% of the diluted paid-up capital in Purple Finance Limited.
The bank anticipates completing this transaction within a stipulated timeline of 6 months, subject to obtaining all required governmental, statutory, and regulatory approvals, as well as internal and external clearances.
What to do with a filing like this
DCB Bank Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by DCB Bank Limited. Read the original for the full detail.