Affle Holdings cuts holding in Affle (India)

Promoter Affle Holdings PTE sold shares of Affle (India) Ltd worth 322.5 crore in a bulk deal on NSE Wednesday. The promoter sold 25 lakh shares at 1,290 each. Affle Holdings PTE owned a 42.59% in the company as of March 31. The Monetary Authority of Singapore was a buyer in the deal. Shares of Affle (India) rose 5.73% to close at 1,364. In the past one month, the shares gained 8.9% while the BSE 500 index rose 4.4%.