Affle soars on completing acquisition of Jampp

02 Jul 2021 Evaluate

Affle (India) is currently trading at Rs. 4419.00, up by 210.40 points or 5.00% from its previous closing of Rs. 4208.60 on the BSE.

The scrip opened at Rs. 4295.00 and has touched a high and low of Rs. 4419.00 and Rs. 4221.00 respectively. So far 5508 shares were traded on the counter.

The BSE group 'T ' stock of face value Rs. 10 has touched a 52 week high of Rs. 6287.00 on 05-Mar-2021 and a 52 week low of Rs. 1449.00 on 02-Jul-2020.

Last one week high and low of the scrip stood at Rs. 4689.00 and Rs. 4126.00 respectively. The current market cap of the company is Rs. 11776.73 crore.

The promoters holding in the company stood at 62.60%, while Institutions and Non-Institutions held 24.21% and 13.19% respectively.

Affle (India) through its subsidiaries has completed the acquisition to acquire full control, tech IP assets and 100% ownership of Jampp, a leading global programmatic mobile marketing company. The company had approved and announced the acquisition on June 9, 2021 and this marks the successful completion of its biggest acquisition till date.

Jampp is a global platform that started in 2013 in Latin America (LATAM) and its largest teams continue to be based there. Jampp’s programmatic mobile advertising platform is used by leading app marketers to acquire new users and also to drive repeat usage & transactions with existing users. Jampp drives incremental performance for many of the global brands across North America, LATAM, APAC and other international markets. This acquisition carries a great strategic merit as it strengthens Affle’s CPCU business model and enables Affle to expand into fast-growing markets like US and LATAM, while further consolidating its position in APAC.

Affle (India) is a leading global technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements and transactions through relevant mobile advertising.

Affle (India) Share Price

1610.35 -35.90 (-2.18%)
10-Jan-2025 10:56 View Price Chart
Peers
Company Name CMP
Quess Corp 625.45
eClerx Services 3272.05
Info Edge 7857.80
CMS Info Systems 468.70
Affle (India) 1610.35
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