Market snapshot: The Supreme Court of India has granted a stay on the Corporate Insolvency Resolution Process against Talent Unlimited Online Services, an investee company of Affle 3i. The legal intervention provides immediate relief to Affle 3i as it seeks to safeguard the carrying value of its equity investment.
Data Snapshot
- Affle 3i holds a 24.07% stake in Talent Unlimited Online Services, carrying a balance sheet value of ₹135.83 crore classified as held for sale.
- The Corporate Insolvency Resolution Process was admitted by NCLT Delhi Bench on June 12, 2026, following a petition by Axis Trustee Services.
What’s Changed
- Supreme Court granted an interim stay on CIRP proceedings, overriding the earlier decision of NCLAT.
- Carrying…