Friday, July 01, 2022

Route Mobile Buyback 2022 - Record Date, Price & Ratio

Route Mobile buyback 2022 is to open on [.]. Route Mobile buyback record date is Open Market. The investor should buy the Route Mobile shares before the record date to get eligibility for the buyback.

Route Mobile Buyback of Rs 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 Rs 10 each equity share at a price not exceeding Rs 1,700 per Equity Share and for an aggregate amount not exceeding Rs 120 crores from the shareholders. Check out Route Mobile Buyback 2022 details below:

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:  [.]
     Buyback Close Date:  [.]
     Finalization of Buyback Acceptance:  [.]

    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

    About Company - Route Mobile

    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 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
    33% ₹155,529 38 14,364
    50% ₹155,529 58 21,924
    75% ₹155,529 88 33,264
    100% ₹155,529 117 44,226

    Route Mobile Financial Report

      ₹ in Crores
    Revenue Expense PAT
    2020 ₹- ₹- ₹-
    2021 ₹388 ₹348 ₹22.33
    2022 ₹374 ₹326 ₹27.76

    Route Mobile Buyback 2022 Eligible Share Holders

    The investors are eligible for the buyback scheme who have Route Mobile shares in their Demat account as the Open Market. Investors 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

    Route Mobile Buyback 2022 Lead Managers

    • To be updated soon

    Route Mobile Company Address

    4th Dimension,,3rd Floor,, Mind Space,
    Mumbai 400 064, Maharashtra, India
    Telephone: +91 22 40337676
    Fax: + 91 22 40337650

    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 [.].

    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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