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Route Mobile Buyback 2022 Record Date, Price & Ratio Details

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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

    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 RatioInvestmentShares BuybackProfit
    33%₹155,5293814,364
    50%₹155,5295821,924
    75%₹155,5298833,264
    100%₹155,52911744,226

    Route Mobile Financial Report

      ₹ in Crores
    Year
    RevenueExpensePAT
    2020₹-₹-₹-
    2021₹388₹348₹22.33
    2022₹374₹326₹27.76

    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

    KFin Technologies Limited
    Selenium Tower B, Plot No. 31-32,
    Gachibowli, Financial District,
    Nanakramguda, Seri, Hyderabad 500032, Telangana
    Tel. No.: 040-67161500, 67162222, 33211000
    Fax No.: 040-23420814, 23001153
    Website: http://www.kfintech.com

    Route Mobile Buyback 2022 Lead Managers

    • Edelweiss Financial Services Ltd

    Route Mobile Company Address

    ROUTE MOBILE LIMITED
    4th Dimension,,3rd Floor,, Mind Space,
    Mumbai 400 064, Maharashtra, India
    Telephone: +91 22 40337676
    Fax: + 91 22 40337650
    Website: www.routemobile.com

    How to Apply the Route Mobile Buyback through Zerodha?

    Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Route Mobile”. Click on Place Order. Enter your Quantity and submit Route Mobile Buyback Application Form.

    How to Apply the Route Mobile Buyback through Upstox?

    Log in to Upstox Application with your credentials. Select the Account Section. You will see the Company Name “Route Mobile”. Click on Route Mobile Stock for Buyback. Enter your Quantity and submit Route Mobile Buyback Application Form.

    How to Apply the Route Mobile Buyback through Paytm Money?

    Log in to Paytm Money Application with your credentials. Select the Route Mobile. Enter your Quantity and submit Route Mobile Buyback Application Form.

    Route Mobile Buyback 2022 FAQs


    When is Route Mobile Buyback 2022 Record Date?

    Route Mobile buyback 2022 record date is Open Market.

    When is Route Mobile Buyback 2022 Open Date?

    Route Mobile buyback 2022 open date is July 11, 2022.

    What is Route Mobile Buyback 2022 Price?

    The company has fixed the price at ₹1700 per share.

    How to apply for Route Mobile Buyback 2022?

    As per the record date you need to have Route Mobile shares in your Demat account. You can participate in buyback after having the stock in your account.

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