Regulatory12 May 2026, 10:50 am
Affle 3i: No Deviation in Preferential Issue Proceeds Utilization
AI Summary
Affle 3i Ltd's monitoring agency, ICRA Limited, reported no material deviation in the utilization of proceeds from the company's preferential issue for the quarter ended March 31, 2026. The utilization is in line with the objects of the issue. The net proceeds from the issue stood at ₹737.43 Crore as of March 31, 2025, after accounting for issue-related expenses.
Key Highlights
- ICRA reports no material deviation in Affle 3i's preferential issue proceeds utilization.
- Utilization of proceeds is in line with the objects of the issue.
- Net proceeds from the preferential issue were ₹737.43 Crore as of March 31, 2025.
- The report is for the quarter ended March 31, 2026, as per Regulation 32(6) of SEBI guidelines.
Price Impact
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