Affle India to consider preferential issue for inorganic growth

12 Dec 2022 , 09:46 AM

Affle (India) Limited has informed to the exchanges that a meeting of Board of Directors of the Company is scheduled to be held on Wednesday, December 14, 2022.

As per the regulatory filing, the board approved to consider the proposal for issue of securities (including convertible or non-convertible) through preferential issue and/or any equivalent method permitted by applicable laws or any combination thereof and subject to approval of the shareholders.

The purpose for issuance of securities may include issuance to facilitate any inorganic growth of the Company through swap of shares or otherwise, the company said.

At a round 9:53 AM, Affle India Ltd is currently trading at Rs1,173.05 per share down by Rs1.85 or 0.16% from its previous closing of Rs1,174.90 per share on the BSE.

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