Affle (India) Limited has announced the further allotment of 12,77,155 equity shares, valued at Rs. 2 each, to Affle Holdings Pte. Ltd. This follows the exercise of warrants and represents a conversion of Rs. 6,115.04 million of the total allotted warrants. The company’s issued, subscribed, and paid-up share capital has consequently increased to Rs. 287,791,654, comprising 143,895,827 equity shares. Affle is now proceeding with the listing of these new shares on the NSE and BSE.
Affle Completes Significant Warrant Conversion
Affle (India) Limited (formerly Affle 3i Limited) has officially completed a substantial conversion of warrants into equity shares. Following up on previous intimations, the company has allotted an additional 12,77,155 equity shares, each with a face value of Rs. 2, to Affle Holdings Pte. Ltd., identified as the ‘allottee’ and Promoter Company. This latest issuance stems from the exercise of warrants by the promoter entity.
Capital Structure Enhancement
As of the announcement date, a total of 30,16,443 equity shares have been allotted through the conversion of warrants out of the 74,00,000 warrants initially issued to the Promoter Company. This conversion has resulted in the receipt of an aggregate amount of Rs. 6,115.04 million. Consequently, the company’s issued, subscribed, and paid-up share capital has seen an increase, now standing at Rs. 287,791,654, which is divided into 143,895,827 equity shares of Rs. 2 each.
Listing Application Underway
Affle (India) Limited is currently in the process of applying for the listing of these newly allotted equity shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The details of this allotment, including the nature of securities, type of issuance, total number of securities, investor information, and issue price, have been provided as per SEBI regulations in Annexure A.
Key Transaction Details
The preferential allotment involved Affle Holdings Pte. Ltd. as the sole investor. The issue price per share was Rs. 1,487. This amount was structured with 25% (Rs. 371.75) received at the time of warrant allotment and the remaining 75% (Rs. 1,115.25) per warrant received as the conversion price for the equity shares.
Source: BSE
