5427522026-11-015427522026-11-012026-11-015427522026-11-01in-capmkt:FinancialYear1Member5427522026-11-01in-capmkt:FinancialYear2Member5427522026-11-01in-capmkt:FinancialYear3Member5427522026-11-012026-11-01in-capmkt:FinancialYear1Member5427522026-11-012026-11-01in-capmkt:FinancialYear2Member5427522026-11-012026-11-01in-capmkt:FinancialYear3Memberiso4217:INRxbrli:pure542752Affle 3I LimitedAFFLENOTLISTEDINE00WC01027NewAcquisition (including agreement to acquire)false2026-11-0115:17:002026-11-01Affle 3iL LimitedStep Down SubsidiaryPerion Networks Limited38341600000-68850000058920700000falsefalsetrueAdvertising TechnologyThis Investment is strategic for Affle’s consumer platform business, to scale its CPCU business across Developed markets. On completion of the proposed transaction, Affle will be a significant global omnichannel platform delivering premium use cases for driving consumer conversions for thousands of advertisers across diversified industry verticals in 100+ countries. Further, the proposed acquisition underscores Affle’s continued commitment to expanding its tech offerings in Developed Markets through the reach of Perion’s global footprint, including workforce expansion (~600 employees) in Developed markets along with technology capabilities. This acquisition will provide incremental growth in developed markets along with Affle’s presence in India and Emerging markets, thus creating sustainable long-term value for its stakeholders.YesThe proposed acquisition is subject to closing conditions, including receipt of applicable regulatory approvals and statutory approval including, approvals by Perion stockholders and other approvals, if any, under applicable competition and antitrust laws (including expiration or termination of necessary waiting periods), and compliance with applicable regulatory and contractual requirements, as well as satisfaction of closing conditions.false180 days, subject to go-shop process (solicitation) by Perion and shareholders’ approvalCash39900000000Approximately USD 420 million (~INR 3990 cr; conversion rate is INR 95 per USD) (including continuing equity awards granted as on date of the agreement). This does not include the transaction cost and any other related costs incurred by both parties.3990000000001Perion is an Israeli technology company headquartered in Tel Aviv, with a strong presence in North America and dual listings on NASDAQ and the Tel Aviv Stock Exchange. The company has transformed itself successfully through 3 recent acquisitions over last 3 years and has unlocked profitable growth in key strategic segments including Retail Media, DooH and CTV powered by Outmax AI.2025-2025383416000002024-2024416977000002023-202361388300000USA, Canada, Israel, EuropeThe conversion rates for calculating INR equivalent turover for previous 3 years is INR 87.16 for CY 2025, INR 83.68 for CY 2024 and INR 82.60 for CY 2023