Affle shines on getting nod for raising funds worth Rs 1080 crore
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Affle (India) is currently trading at Rs. 5384.00, up by 184.30 points or 3.54% from its previous closing of Rs. 5199.70 on the BSE.
The scrip opened at Rs. 5354.90 and has touched a high and low of Rs. 5400.00 and Rs. 5230.00 respectively. So far 6790 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5616.70 on 15-Feb-2021 and a 52 week low of Rs. 908.95 on 30-Mar-2020.
Last one week high and low of the scrip stood at Rs. 5551.25 and Rs. 5060.00 respectively. The current market cap of the company is Rs. 13722.14 crore.
The promoters holding in the company stood at 63.80%, while Institutions and Non-Institutions held 23.34% and 12.86% respectively.
Affle (India) has received approval for raising of funds by way of further issue of securities including warrants and bonds (whether convertible or non-convertible) or any combination thereof through a preferential issue and/or Qualified Institutions Placements by the Company (QIP) or through any other permissible mode or any combination thereof, for an aggregate amount not exceeding Rs 1080 crore, subject to applicable laws and necessary shareholder / regulatory approvals, as applicable. The board of directors at its meeting held on February 27, 2021 has approved the same.
In furtherance to the above, the Board has decided to convene an Extraordinary General Meeting of the members of the Company on March 24, 2021 to seek the approval of the members for the proposed fund-raising.
Affle (India) is a leading global technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements and transactions through relevant mobile advertising.
