Route Mobile buyback 2022 was announced on June 28, 2022. The Route Mobile buyback open date is July 11, 2022 and will close on January 10, 2023. Route Mobile buyback record date is not fixed as it is an Open Market buyback offer. The investor should buy the Route Mobile shares before the record date to get eligibility for the buyback.
Route Mobile Buyback of ₹120 crore approved by the board of directors at the meeting was held on June 28, 2022. Route Mobile Buyback will be done via the Open Market route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹10 each equity share at a price not exceeding ₹1,700 per Equity Share and for an aggregate amount not exceeding ₹120 crores from the shareholders. Check out Route Mobile Buyback 2022 details below:
Route Mobile Limited was founded in 2004. Route Mobile is a leading Cloud Communications Platform service provider company. The company offers Communication Platform as a Service (CPaaS) solutions. They cater to enterprises, over-the-top (OTT) players, and mobile network operators (MNO) and their portfolio comprise solutions in messaging, voice, email, SMS filtering, analytics, and monetization. The company delivers an entire communication product stack, based on a CPaaS principles, infusing Conversational AI across a broad range of industries including social media companies, banks and financial institutions, e-commerce entities, and travel aggregators. Route Mobile is headquartered in Mumbai, India with a global presence in the Asia Pacific, Middle East, Africa, Europe, and the Americas.
Route Mobile Buyback 2022 Dates
|Buyback Meeting Date:|| June 28, 2022|
|Buyback Announcement Date:||June 28, 2022|
|Buyback Record Date:||Open Market|
|Buyback Open Date:||July 11, 2022|
|Buyback Close Date:||January 10, 2023|
|Finalization of Buyback Acceptance:||N/A|
Route Mobile Buyback 2022 Offer Details
Route Mobile buyback of 705,882 equity shares at a price of ₹1700 per equity share. The buyback offers not to exceed ₹120 crores of the total buyback offer size.
|Offer Amount:||₹120 Crores|
|Number of Shares:|| 705,882 Equity Shares|
|Face Value:|| ₹10 per equity share|
|Buyback Price:|| ₹1700 per equity share|
|Listing:|| BSE & NSE|
|Buyback Type:||Open Market|
|Letter of Offer:||Click Here|
Route Mobile Buyback 2022 Acceptance Ratio
The investor should buy around 117 shares at a current market price of ₹1322 (as of June 28, 2022). The calculation will be ₹2,00,000 / ₹1700 buyback price = 117 shares.
|Acceptance Ratio||Investment||Shares Buyback||Profit|
Route Mobile Financial Report
|₹ in Crores|
How to Participate in Route Mobile Buyback 2022
The investors are eligible for the buyback scheme who have Route Mobile shares in their Demat account as the Open Market. Eligible Share Holders can participate in the Route Mobile Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Route Mobile buyback scheme.
Route Mobile Buyback 2022 Registrar
Route Mobile Buyback 2022 Lead Managers
- Edelweiss Financial Services Ltd
Route Mobile Company Address
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Route Mobile Buyback 2022 FAQs
When is Route Mobile Buyback 2022 Record Date?
When is Route Mobile Buyback 2022 Open Date?
What is Route Mobile Buyback 2022 Price?
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