{"id":112675,"date":"2023-10-26T16:37:58","date_gmt":"2023-10-26T11:07:58","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112675"},"modified":"2023-10-26T16:38:05","modified_gmt":"2023-10-26T11:08:05","slug":"it-stock-trades-flat-after-board-approves-issuance-of-69-lakh-shares-to-singapore-govt","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-trades-flat-after-board-approves-issuance-of-69-lakh-shares-to-singapore-govt\/","title":{"rendered":"IT stock trades flat after board approves issuance of 69 Lakh shares to Singapore Govt"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-211367583\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Stocks of this Artificial Intelligence (AI) company opened their Thursday trading session flat as the company will issue 69 lakh equity shares amounting to nearly 5 percent stake on a preferential basis to the Singapore-based entity.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-415074514\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 13,660 cr, shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/AFFLE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Affle India<\/a><\/strong> opened their today\u2019s trading session flat at Rs. 1120 apiece and closed the day at Rs. 1,016.\u00a0<\/p><p>According to reports on Thursday, the company has approved the issuance of preferential shares to Gamnat Pte. Ltd, a subsidiary of the Ministry for Finance, Government of Singapore.&nbsp;<\/p><p>The company will issue 69 lakh equity shares amounting to nearly 5 percent stake on a preferential basis at Rs 1,085 apiece to the Singapore-based entity. The issuance will be done at a 6 percent premium. The total deal value from the preferential share issue is approximately Rs. 750 cr.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-366799478\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Digging into the financials of the company, the revenue of the company increased from Rs. 355.83 cr during the March quarter to Rs. 406.58 cr during the June quarter. In addition to this, the net profit of the company also increased from Rs. 62.4 cr to Rs. 66.18 cr during the same period.&nbsp;<\/p><p>Coming onto the important financial ratios, the return on equity was at 18.67 percent in FY 22-23 and the return on capital employed was at 20.24 percent. The company has managed to decrease its debt to equity ratio from 0.13 times in FY21-22 to 0.07 times during FY22-23.&nbsp;<\/p><p>According to the latest shareholding pattern, Promoters have a 59.89 percent stake in the company, the public has taken 16.17 percent holdings, FIIs have 9.66 percent shares in the company, and the remaining 14.28 percent is with DIIs.&nbsp;<\/p><p>Affle is a global technology company with a proprietary consumer intelligence platform that transforms ads into recommendations helping marketers to effectively identify, engage, acquire, and drive transactions with their potential and existing users.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vaibhav Patil<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-170509367\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Stocks of this Artificial Intelligence (AI) company opened their Thursday trading session flat as the company will issue 69 lakh equity shares amounting to nearly 5 percent stake on a preferential basis to the Singapore-based entity.&nbsp; With a market capitalization of Rs. 13,660 cr, shares of Affle India opened their today\u2019s trading session flat at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[7963,7961,948,936],"class_list":["post-112675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-affle-india-latest-news","tag-affle-india-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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