Affle 3i Limited — Others, 11-02-2025: Monitoring Agency Report

Affle (India) Limited provided updates through a Monitoring Agency Report by ICRA Limited regarding the utilization of proceeds from its recent preferential issue, totaling ₹749.02 crore. As of December 31, 2024, net proceeds were revised to ₹737.43 crore, reflecting an increase in issue-related expenses. The report confirms that there have been no deviations in fund utilization according to the initial objectives.

This consistency may bolster investor confidence, as it indicates effective financial management and adherence to strategic goals, reinforcing a positive outlook for the company in the ad tech sector. Investors should remain alert to efficiencies in fund allocation, which might enhance growth opportunities.