Redeye comments on the new data regulation in India, which once again reminds investors of the regulatory risk with Truecaller. However, Redeye assesses that the effect on Truecaller is likely to be small. First, the amount of data that is at risk is ‘only’ around 15%. Second, Truecaller has several alternatives to overcome potential restrictions in the way it acquires data from non-users. Redeye reiterates its fair value range.
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