Affle’s $81 Million Investment Round

IndusLaw advised Affle (India) Limited.

Affle raised ?600 crore from qualified institutional investors.

The company has allotted 11,53,845 shares to eligible qualified institutional buyers. Affle (India) had earlier fixed the floor price of ?5,422.94 a share for the issue. The board had earlier gave nod for the QIP issue for an aggregate amount not exceeding ?1,080 crore. Shares of Affle (India) closed 0.63 per cent higher at ?5,505.30 on the BSE.

The IndusLaw team was led by partner Vishal Yaduvanshi (Picture), partner Abhiroop Lahiri, senior associate Mansi Jhaveri, associate Ancha Venkata Samarth, associate Mihir Mathur.

J Sagar Associates acted as the legal counsel to the BRLMs with a team led by partners Rohitashwa Prasad, Arka Mukherjee and Siddharth Desai.

The Duane Morris & Selvam LLP advised BRLMs with a team led by partner Jamie Benson.

Involved fees earner: Mansi Jhaveri – IndusLaw; Abhiroop Lahiri – IndusLaw; Mihir Mathur – IndusLaw; Ancha Venkata Samarth – IndusLaw; Vishal Yaduvanshi – IndusLaw;

Law Firms: IndusLaw;

Clients: Affle (India);

Author: Sonia Carcano