Route Mobile buyback 2022 was announced on June 28, 2022. The Route Mobile buyback starts on July 11, 2022 and ends on January 10, 2023. The Route Mobile repurchase record date has not been provided because it is an Open Market buyback offer. To be eligible for the buyback, the investor has to purchase Route Mobile shares prior to the record date.
Route Mobile’s board of directors approved a buyback of 120 crore on June 28, 2022. Route Mobile Buyback will be conducted through the stock exchange mechanism via the Open Market route. The company’s board of directors recognised the buyback of its fully paid-up equity shares with a face value of 10 each at a price not exceeding 1,700 per Equity Share and for an aggregate amount not exceeding 120 crores from shareholders. Check out the Route Mobile Buyback 2022 details below, Route Mobile Limited started operations in 2004. Route Mobile is a noticeable
provider of Cloud Communications Platform services. Communication Platform as a Service (CPaaS) solutions are provided by the corporation. Their portfolio includes messaging, phone, email, SMS filtering, analytics, and monetization solutions for organisations, over-the-top (OTT) players, and mobile network operators (MNO). Based on CPaaS principles, the company provides a full communication product stack, injecting Conversational AI across a wide range of industries, including social media organisations, banks and financial institutions, e-commerce entities, and travel aggregators. Route Mobile is based in Mumbai, India, and has operations in Asia Pacific, the 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|
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 Lead Managers
- Edelweiss Financial Services Ltd
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:
Q1. When is Route Mobile Buyback 2022 Record Date?
Ans. Route Mobile buyback 2022 record date is Open Market.
Q2. When is Route Mobile Buyback 2022 Open Date?
Ans. Route Mobile buyback 2022 open date is July 11, 2022.
Q3. What is Route Mobile Buyback 2022 Price?
Ans. The company has fixed the price at ₹1700 per share.
Q4. How to apply for Route Mobile Buyback 2022?
Ans. 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.