News Announcement

Route Mobile: Announcement under Regulation 30 (LODR)-Qualified Institutional Placement

We wish to inform you that the Fund Raising Committee of the Company at its meeting held today i.e. November 12 2021 approved the issue and allotment of 46 84 116 Equity Shares to eligible QIBs at the issue price of Rs. 1852 per Equity Share (including a premium of Rs. 1842 per Equity Share) which takes into account a discount of 4.99 % to the floor price of Rs. 1949.24 per Equity Share aggregating to Rs. 867.50 Crores pursuant to the QIP in accordance with provisions of SEBI ICDR Regulations.

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