Shares of Affle 3i Ltd surged over 5% on Tuesday, June 10, reaching ₹1,970.00, following a crucial update regarding the company’s ongoing legal and investment matters with Talent Unlimited Online Services Private Limited (Bobble). The stock emerged as one of the top gainers on NSE, climbing ₹101.30 from its previous close of ₹1,868.70.
In a regulatory filing dated June 9, Affle 3i announced that its Investment Committee will convene on June 16, 2025, to assess the current status of its investment in Bobble. The company had earlier flagged Bobble for recurring financial losses, suspected fraudulent transactions, regulatory non-compliance, and potential data leakage involving entities linked to China.
Affle had previously classified this investment as “Held For Sale” and is now pursuing legal enforcement of its rights. Despite a court mandate and an arbitration ruling directing Bobble to comply with inspection rights, the startup has allegedly failed to cooperate. Affle has since filed an execution petition with the Delhi High Court and is also supporting the Enforcement Directorate’s probe into Bobble under FEMA.
The sharp stock movement reflects investor optimism regarding Affle’s assertive legal stance and its commitment to corporate governance and transparency.
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