Affle 3i promoters revise disclosure on 54.91% share encumbrance
Affle 3i Limited's promoters, AGPL Pte. Ltd. and Affle Holdings Pte. Ltd., revised a disclosure confirming the creation of non-disposal undertakings on 54.91% of total paid-up equity shares to secure an $80 million facility. The encumbrances, established on June 5, 2026, in favor of Axis Trustee Services Limited, were reported to exchanges on June 12, 2026, under SEBI (SAST) Regulations. Funds are allocated for share buybacks, loan repayment, and preferential issuance.

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Promoters of Affle 3i Limited have revised their disclosure regarding the creation of indirect encumbrances on 54.91% of the company's total paid-up equity shares. The revised filing, submitted to stock exchanges on June 12, 2026, confirms that AGPL Pte. Ltd. and Affle Holdings Pte. Ltd. established non-disposal undertakings on June 5, 2026. These encumbrances were created in favor of Axis Trustee Services Limited, acting as Security Agent, and Axis Trustee Services Limited, GIFT City branch, acting as Facility Agent, to secure a borrowing facility.
The facility agreement designates AGPL Pte. Ltd. as the borrower and Affle Holdings Pte. Ltd. as the guarantor. It involves a borrowing of USD 80 million with an incremental facility up to USD 170 million. The disclosure was made in compliance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the entity is a scheduled commercial bank, public financial institution, NBFC, or housing finance company. No direct pledge has been created over the shares of Affle 3i Limited.
Breakdown of Shareholding and Encumbrances
The following table details the shareholding and the specific encumbrances created by the promoters:
| Promoter | Promoter Holding (Shares) | % of Total Issued Capital | Type of Event | Date of Creation | No. of Shares Encumbered | % of Total Paid-up Capital Encumbered |
|---|---|---|---|---|---|---|
| AGPL Pte. Ltd. | 2,00,89,555 | 14.27 | Creation | 05 June 2026 | 2,00,89,555 | 14.27 |
| Affle Holdings Pte. Ltd. | 5,72,15,465 | 40.64 | Creation | 05 June 2026 | 5,72,15,465 | 40.64 |
Collectively, the promoters hold 7,73,05,180 fully paid-up equity shares, constituting 54.91% of the issued and paid-up share capital of the company. The total diluted share capital of Affle 3i Limited is 14,18,73,978 equity shares. The encumbrances arise from specific clauses in the facility agreement, including mandatory prepayment on change of control or share sale, and negative pledge provisions.
End Use of Funds
The borrowed amount of USD 80 million is designated for specific purposes related to the Promoter Group. The funds will be utilized for the buyback of shares from non-promoter shareholders, repayment of loans at the Promoter Group Company, or secondary purchase of listed company shares, with a maximum allocation of USD 70 million. Additionally, a minimum of USD 90 million is earmarked for the preferential issuance of capital instruments.
Historical Stock Returns for Affle 3i
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.05% | +1.92% | +0.98% | -13.45% | -23.68% | +70.57% |
How will the market react to the encumbrance of over half the company's equity, given the lack of a direct pledge?
What impact will the proposed buyback and preferential issuance have on the company's share price and liquidity?
Could the mandatory prepayment clauses on change of control deter potential acquisition interest in Affle 3i Limited?































