Affle India rises on agreement to buy Mediasmart Mobile

Affle 3i

02/03/2020 05:19

** Shares of marketing and advertising technology solutions
provider  AFFL.NS  rise as much as 8.23% to 1,947 rupees
    ** Stock posts its biggest intra day pct gain since Feb.19
    ** Co says will acquire Spain-headquartered Mediasmart
Mobile S.L. (http://bit.ly/2wnG4Rm)
    ** Says acquisition will enable it expand into newer
developing markets like Latin America, along with Europe and
U.S. where Mediasmart already operates
    ** Stock up 13.76% this year, as of last close

 (Reporting by Philip George in Bengaluru)
 ((P.George@thomsonreuters.com; +91 8061822657; Reuters
Messaging: p.george@thomsonreuters.net))