Affle India Limited board approves fund raising proposal of Rs. 1080 crores

The Board of Directors of Affle (India) Limited at its meeting held today, i.e., on February 27, 2021, discussed and approved the proposal of raising of funds by way of further issue of securities including warrants and bonds (whether convertible or non-convertible) or any combination thereof through a preferential issue and/or Qualified Institutions Placements by the Company (QIP) or through any other permissible mode or any combination thereof, for an aggregate amount not exceeding ₹ 1080 Crores [Rupees One Thousand & Eighty Crores], subject to applicable laws and necessary shareholder / regulatory approvals, as applicable.

In furtherance to the above, the Board has decided to convene an Extraordinary General Meeting of the members of the Company on Wednesday, March 24, 2021 to seek the approval of the members for the proposed fund-raising.

Source : Equity Bulls

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