Affle India Ltd approves issue of 35 lakh shares

The Board of Directors ("the Board") of Affle (India) Limited at its meeting held today, i.e., on December 14, 2022, discussed and approved the proposal for issuance of equity shares or any combination thereof through a preferential issue or through any other permissible mode or any combination thereof, upto 35,00,000 equity shares of face value of Rs.2/- per equity share, for consideration other than cash, being swap of shares of the Company with the securities of acquired entity(s) subject to applicable laws and necessary shareholder / regulatory approvals, as applicable. Further, the Board has delegated all such powers which are necessary and incidental for issuance of equity shares including negotiations and approving the subscribers to the preferential issue, to the Capital Committee.

Source : Equity Bulls

Keywords

AffleIndia SharesIssue ShareSwap Acquisition PreferentialIssue