Affle India

The acquisition was closed after a months-long legal dispute between PhonePe and AGPL and Ventureast Fund on the valuation of IndusOS, which is alternatively called OSLabs.

PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million

The board approved stock split from Rs 10 to Rs 2 to facilitate larger shareholder base and aid liquidity

The company will hold a board meeting on August 26, 2021, to consider and approve split of equity shares of the company, subject to approval of the shareholders

Given the subscription levels of some of the recent IPOs, analysts have started to be cautious and suggest investors do not subscribe to every IPO that hits the Street

With respect to Affle Global minority shareholding in OSLabs, AGPL finds that 100+ media stories were reported mostly with PhonePe's bias on the OSLabs related matters

PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million. However, the biggest shareholder in the company, Affle, has opposed the deal

Bank of Baroda (BoB) reported a standalone net loss of Rs 1,047 crore in the quarter ended March 2021, as it shifted to a new tax regime

Hindustan Copper, Aarti Drugs, Dixon Technology, APL Apollo Tubes, Laurus Labs and Affle India, meanwhile, zoomed over 400 per cent during FY21

Vedanta Resources has raised $1.2 billion in a bond offering that saw strong investor interest

In the past one week, Route Mobile and Affle India have rallied up to 35 per cent, as compared to 1.5 per cent rise in the S&P BSE Sensex

The management believes the company is in multi-year technology transformation period of accelerated consumer adoption of mobile and connected devices globally

PNB plans to raise Rs 3,200 crore from share sale during the current quarter to enhance its capital base

Stocks of auto companies will be in focus after the government approved a policy to scrap more than 15-year-old vehicles owned by government departments and PSUs

Shares of Affle (India) hit the upper circuit limit for the second straight day, up 5 per cent at Rs 4,068 on the BSE.

It's revenue from operations grew 20.37 per cent at Rs 89.77 crore during the period under review, while EBITDA stood at Rs 22.5 crores, up 20% YoY

Affle will initially acquire 66.67 per cent equity ownership in Appnext Singapore, with a clear path to acquire 100 per cent equity ownership upon attainment of mutually agreed growth target