NSE: AFFLE · 3 November 2026
- Affle 3i has risen 16.41% over 2 trading sessions; today's move is +3.68%.
- Affle announced that its Israel-based step-down subsidiary, Affle 3iL Ltd., has signed a definitive merger agreement to acquire all outstanding shares of Perion Network Limited at US$ 11.70 per share in an all-cash transaction. The deal values Perion at an implied equity value of approximately US$ 420 million, funded through a combination of committed bank financing and available cash resources. The transaction is expected to close in early 2027, subject to regulatory approvals and Perion shareholder endorsement.
- Trading volume was 3.45 times the 20-day average daily volume.
Affle 3i share price: 16.41% rise over 2 trading sessions
Affle 3i Ltd. (AFFLE) advanced by 3.68% today, settling at ₹1,562.00 after moving between an intraday low of ₹1,510.00 and a high of ₹1,600.00.
The broader market exhibited strong positive momentum, with the Nifty benchmark gaining 1.58% during the trading session. Affle's upward price action outperformed the headline index, continuing a robust recent streak that includes a 5-day return of 15.29% and a 20-day return of 8.19%.
Investor sentiment has been underpinned by recent corporate developments, notably the announcement of a definitive merger agreement by its step-down subsidiary, Affle 3iL Ltd., to acquire Israel-based Perion Network Ltd. in an all-cash transaction valued at an implied equity value of approximately US$ 420 million. Additionally, the company released its Q2 and H1 FY2027 financial results on October 30, 2026, reporting a 21.2% year-on-year increase in consolidated quarterly revenue to ₹783.6 crore and a 24.2% jump in EBITDA to ₹181.4 crore, marking its 15th consecutive quarter of sequential topline growth.
11.62 lakh shares traded by 3 November 2026 · 03:25 PM IST. This compares with a 20-day average daily volume of 3.37 lakh shares (3.45 times). The five-day average daily volume was 9.51 lakh shares. Separately, the NSE report for 2 November 2026 showed 4.40 lakh shares delivered, representing 10.46% of that day’s traded volume. The same report recorded 238,292 trades.
The stock's 3.68% advance alongside heavy volume at 3.45 times the 20-day average is strongly supported by recent high-impact corporate announcements. These include the definitive agreement to acquire Perion Network for ~US$ 420 million and the delivery of the 15th consecutive quarter of sequential revenue growth.
Latest Company Developments
Affle announced that its Israel-based step-down subsidiary, Affle 3iL Ltd., has signed a definitive merger agreement to acquire all outstanding shares of Perion Network Limited at US$ 11.70 per share in an all-cash transaction. The deal values Perion at an implied equity value of approximately US$ 420 million, funded through a combination of committed bank financing and available cash resources. The transaction is expected to close in early 2027, subject to regulatory approvals and Perion shareholder endorsement.
The acquisition significantly expands Affle's global footprint, bridging its emerging markets mobile performance leadership with Perion's upper-funnel retail media, Connected TV, and digital out-of-home advertising presence in developed markets.
Affle reported consolidated revenue from operations of ₹783.6 crore for Q2 FY2027, reflecting a 21.2% year-on-year growth and its 15th consecutive quarter of sequential topline expansion. Quarterly EBITDA grew 24.2% year-on-year to ₹181.4 crore with margins expanding 56 basis points to 23.2%, while profit after tax rose 17.4% year-on-year to ₹129.8 crore. For the half-year ended September 30, 2026, consolidated revenue reached ₹1,530.8 crore with a PAT of ₹258.2 crore.
It demonstrates continued scalability and operating margin resilience across international and domestic segments despite macroeconomic headwinds.
Due to the material announcement regarding the Perion acquisition, Affle cancelled its scheduled earnings conference call for November 2, 2026, and instead released a detailed Shareholders' Letter. Management also scheduled an in-person investor group meeting hosted by Ambit Capital in Mumbai to address shareholder and analyst queries.
It provides comprehensive operational commentary and case studies regarding CPCU growth across developed and emerging markets in place of the conventional earnings call.
a press release dated November 01, 2026, titled "Affle to acquire Perion, to scale its CPCU business across Developed markets".
Affle 3i Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 15.38% on 21 October 2026. This compares with 15.52% on 19 October 2026, a change of -0.14 percentage points.
The filing reported 31 MF/UTI holders.
What to Watch Next
- Progress and regulatory approval timelines regarding the acquisition of Perion Network Limited.
- Execution of the CPCU model integration and realization of projected synergies across Developed Markets.
- Sustained quarterly cash conversion trends aiming for an OCF-to-PAT ratio of approximately 80% for the full year FY2027.
- Delivery performance across key industry verticals including healthcare, consumer electronics, and gaming.
Other Dated Coverage
- Affle 3i Share Price Today: Why AFFLE Is Rising 12.27% | 2 November 2026 — 2 November 2026
- Affle 3i Share Price Today: Why AFFLE Is Rising 4.15% | 28 October 2026 — 28 October 2026
More Affle 3i news and dated analysis →
Frequently Asked Questions
What is the latest Affle 3i company news?
Affle announced that its Israel-based step-down subsidiary, Affle 3iL Ltd., has signed a definitive merger agreement to acquire all outstanding shares of Perion Network Limited at US$ 11.70 per share in an all-cash transaction. The deal values Perion at an implied equity value of approximately US$ 420 million, funded through a combination of committed bank financing and available cash resources. The transaction is expected to close in early 2027, subject to regulatory approvals and Perion shareholder endorsement.
How strong was Affle 3i’s trading volume?
11.62 lakh shares traded, 3.45 times the 20-day average daily volume. The price and volume data are dated 3 November 2026 · 03:25 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 21 October 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.