NSE: AFFLE · 2 November 2026
- Affle 3i Ltd. shares surged 12.27% on Monday, closing at ₹1,506.50 after trading between an intraday low of ₹1,333.80 and a high of ₹1,529.10.
- Affle announced that its step-down subsidiary, Affle 3iL Ltd., entered into a definitive merger agreement to acquire 100% of Perion Network Ltd., Israel, in an all-cash transaction valued at an implied equity value of approximately US$ 420 million. Perion shareholders will receive US$ 11.70 per share, funded through a combination of committed bank financing and available cash resources. The transaction is expected to close in early 2027, subject to regulatory and shareholder approvals.
- Trading volume was 31.15 times the 20-day average daily volume.
Why is Affle 3i share price rising on 2 November 2026?
Affle 3i Ltd. shares surged 12.27% on Monday, closing at ₹1,506.50 after trading between an intraday low of ₹1,333.80 and a high of ₹1,529.10.
The broader market also posted strong gains, with the Nifty rising 1.68% during the session. Affle outperformed the wider benchmark significantly, aided by a positive 5-day return of 14.40% as the stock rebounded sharply from prior-session dips of -2.86% and a 2 trading days return of -4.90%, bringing its 20-day return to 3.93%.
The upward momentum coincides with major corporate announcements made by the company on November 1, 2026. Affle revealed that its wholly-owned step-down subsidiary, Affle 3iL Ltd., has signed a definitive agreement to acquire Israel-based Perion Network Ltd. in an all-cash transaction valued at an implied equity value of approximately US$ 420 million at US$ 11.70 per share. Additionally, the company released its Q2 and H1 FY2027 financial performance updates, reporting its 15th consecutive quarter of sequential topline growth with consolidated operating revenue reaching ₹7,83.6 crore for the quarter, up 21.2% year-on-year.
42.10 lakh shares traded by 2 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 1.35 lakh shares (31.15 times). The five-day average daily volume was 1.35 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 sharp 12.27% rally is directly supported by major strategic announcements made over the weekend, including the US$ 420 million definitive agreement to acquire Perion Network Ltd. and robust Q2 FY2027 financial results showcasing consistent topline and EBITDA growth.
Latest Company Developments
Affle announced that its step-down subsidiary, Affle 3iL Ltd., entered into a definitive merger agreement to acquire 100% of Perion Network Ltd., Israel, in an all-cash transaction valued at an implied equity value of approximately US$ 420 million. Perion shareholders will receive US$ 11.70 per share, funded through a combination of committed bank financing and available cash resources. The transaction is expected to close in early 2027, subject to regulatory and shareholder approvals.
The acquisition significantly expands Affle's footprint across developed markets in North America and Europe, combining Perion's omnichannel advertising presence with Affle's mobile marketing and CPCU platform.
Affle released its Shareholders' Letter in lieu of an earnings call, detailing consolidated operational results for the period ended September 30, 2026. Q2 revenue from operations stood at ₹783.6 crore, a 21.2% year-on-year increase, while EBITDA rose 24.2% year-on-year to ₹181.4 crore. Profit after tax for the quarter reached ₹129.8 crore, marking the company's 15th consecutive quarter of sequential topline growth.
Demonstrates sustained organic business momentum, margin expansion, and scaling consumer conversions across global markets despite macroeconomic headwinds.
The company completed the allotment of equity shares following the exercise of conversion requests for warrants by promoter Affle Holdings Pte. Ltd. Remittance totaling USD 33.99 million was received for warrant exercises finalized in mid-October 2026.
Reflects continued capital infusion and strong commitment from the promoter group into the company's long-term growth initiatives.
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
- Regulatory approvals and Perion shareholder vote proceedings regarding the acquisition timeline through early 2027.
- Integration milestones and revenue recognition updates following the planned CPCU strategic transformation of Perion.
- Volume and cash delivery trends in upcoming sessions to sustain participation above the 20-day average volume.
- Execution of growth guidance and margin expansion across developed and emerging markets.
Other Dated Coverage
More Affle 3i news and dated analysis →
Frequently Asked Questions
What is the latest Affle 3i company news?
Affle announced that its step-down subsidiary, Affle 3iL Ltd., entered into a definitive merger agreement to acquire 100% of Perion Network Ltd., Israel, in an all-cash transaction valued at an implied equity value of approximately US$ 420 million. Perion shareholders will receive US$ 11.70 per share, funded through a combination of committed bank financing and available cash resources. The transaction is expected to close in early 2027, subject to regulatory and shareholder approvals.
How strong was Affle 3i’s trading volume?
42.10 lakh shares traded, 31.15 times the 20-day average daily volume. The price and volume data are dated 2 November 2026 · 03:30 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.