Affle (India) Limited s promoter, promoter group & management team to consolidate the ownership of Affle Holdings Pte. Ltd. to over 75%
Posted On: 2021-02-25 09:07:39 (Time Zone: Arizona, USA)
Affle Holdings Pte. Ltd. ( AHPL ) Singapore, the Corporate Promoter of Affle (India) Limited ( AIL ) confirms that AIL s individual promoter, promoter group and management team will consolidate the ownership of AHPL to over 75% based on the approved corporate actions as mentioned below.
In December 2020, AHPL s board had approved the divestment of 6.84% shareholding amounting to 1,743,386 shares in AIL. This would enable the following outcomes:
1. Deliver capital returns to investors/shareholders of AHPL and enhance AIL s individual promoter, promoter group and management team ownership to over 75%+ equity in AHPL.