Affle (India) has raised ₹600 crore from qualified institutional investors. The fund raising committee of Affle (India) has declared closure of the QIP issue on May 4 and approved the price as ₹5,200 a share. The company has allotted 11,53,845 shares to eligible qualified institutional buyers. Affle (India) had earlier fixed the floor price of ₹5,422.94 a share for the issue. The board had earlier gave nod for the QIP issue for an aggregate amount not exceeding ₹1,080 crore. Shares of Affle (India) closed 0.63 per cent higher at ₹5,505.30 on the BSE. Our Bureau
A consumer intelligence driven global technology company, Affle, through relevant mobile advertising, drives new consumer conversions, retargets existing consumers to complete transactions and operates an O2O platform that converts online customer engagements to in-store walk-ins. This transaction was its first equity market fund-raise since its IPO in 2019.
IndusLaw advised
J Sagar Associates acted as the Indian legal counsel to the BRLMs led by
Duane Morris & Selvam LLP acted as the international legal counsel to the BRLMs led by
2021-05-01
Deal value: INR 6,000 million (USD 81 Million)
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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