Affle India zooms as its arm inks pact to acquire 100% stake in YouAppi
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Affle (India) is currently trading at Rs. 927.45, up by 18.90 points or 2.08% from its previous closing of Rs. 908.55 on the BSE.
The scrip opened at Rs. 905.15 and has touched a high and low of Rs. 932.75 and Rs. 902.50 respectively. So far 38575 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1369.25 on 26-Aug-2022 and a 52 week low of Rs. 871.00 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 932.75 and Rs. 902.50 respectively. The current market cap of the company is Rs. 12365.70 crore.
The promoters holding in the company stood at 59.89%, while Institutions and Non-Institutions held 23.38% and 16.73% respectively.
Affle India’s wholly owned Singapore subsidiary -- Affle International Pte (Affle) has entered into a definitive Share Purchase Agreement to acquire 100% equity ownership in YouAppi Inc. (YouAppi). YouAppi’s acquisition is strategic for Affle as it aligns to its Affle 2.0 global growth strategy of verticalizing teams & platforms with deeper platform integrations, to fortify all use cases of its CPCU business in the gaming vertical. Cost of acquisition is $35.44 million (around Rs 291 crore).
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.
