Route Mobile public shareholders tender shares worth Rs 2,500 crore

Apr13,2024



New Delhi: Enterprise messaging firm Route Mobile goes public shareholders According to a regulatory filing, shares worth about Rs 2,500 crore have been bid for at the current price in the company's ongoing open offer. open offer Belgium based has started with proximus groupthrough its subsidiary, is initially acquiring 57.56 per cent bet At an enterprise messaging firm root mobile For Rs 5,922.4 crore in an all-cash deal.
acquisition an opening has begun market offer To sell 26 percent of Route Mobile in compliance with regulatory guidelines.
Depending on the outcome of the MTO (Mandatory Takeover Offer), Proximus Opal's stake could increase to around 75 percent of Route Mobile's shares.
“1,57,68,803 equity shares have been tendered in the escrow demat account (with Hongkong and Shanghai Banking Corporation Limited).HSBC),” Root Mobile said.
The tender period has now ended.
On Friday, shares of Route Mobile closed at Rs 1,600.65, down 0.54 per cent, on the BSE.



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