Affle 3i Limited has informed the Exchange regarding 'Investment Committee of the Company is scheduled to be held on Monday, June 16, 2025'.
AFFLE · price
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Awaiting price reaction for this filing.
Affle 3i Limited has called an Investment Committee meeting on June 16, 2025, to review its investment in Bobble (Talent Unlimited Online Services Private Limited). The investment has been classified as 'Held for Sale' since May 2022 after the Board authorized evaluating a potential divestment. Bobble has been reporting recurring losses, and Affle has spent 27 months trying to exercise its shareholder inspection rights due to concerns over suspicious transactions, regulatory non-compliance, potential data leakage, and dealings with China-linked entities. Legal rulings from the Delhi High Court (July 2023) and the Singapore International Arbitration Centre (March 2024) have upheld Affle's inspection rights, but Bobble has allegedly not complied, leading to an execution petition. Affle is also cooperating with an Enforcement Directorate investigation under FEMA related to Bobble's transactions.
This filing signals an unresolved, troubled investment that has stayed 'Held for Sale' for over three years, with potential write-down risk and ongoing legal/regulatory exposure. Shareholders should watch for updates from the June 16 meeting, as it could lead to revised valuations, impairment provisions, or further legal action affecting the stock's near-term sentiment.