Singapore-based Affle Holdings has filed draft papers with capital markets regulator Sebi to list its Indian unit.
The IPO comprises fresh issue of shares worth Rs 90 crore, besides an offer for sale of up to 55 lakh equity shares by Affle Holdings, according to draft papers filed with Securities and Exchange Board of India (Sebi).
Also, it provides end-to-end solutions for enterprises to enhance their engagement with mobile users, such as developing apps, enabling offline to online commerce for offline businesses with e-commerce aspirations and providing enterprise grade data analytics for online and offline companies.
In 2009, Microsoft had picked up a minority stake in Affle Holdings.
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