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Route Mobile Limited — M&A Activity 2024
Feb 15, 2024
61371_rns_2024-02-16_afc3b957-bcbf-43bd-8e30-09cf1d3b3cf7.pdf
M&A Activity
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Ref No: RML/2023-24/443
Date: February 15, 2024
To,
BSE Limited Scrip Code: 543228
National Stock Exchange of India Limited NSE Symbol: ROUTE
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”).
Ref: Open offer of Route Mobile Limited.
With reference to the captioned Offer, we wish to inform you that, SEBI vide its Letter No. SEBI/HO/CFD/CFD-RAC-DCR1/P/OW/2024/4718/1 dated February 1, 2024, has issued final observations for the Open Offer for acquisition of shares of the Company from its public shareholders. However, as on date, the anti-trust law approvals from Kuwait and United Arab Emirates (“UAE”) required to proceed with the Open offer are pending. The anti-trust approvals from Kuwait and UAE are awaited anytime soon for the Proposed Transaction.
In view of this, Manager to the Offer vide its letter dated February 9, 2024 requested SEBI to extend the period of commencement of open offer. Accordingly, SEBI has given approval for extension for opening of offer vide letter number SEBI/HO/CFD/CFD-RAC-DCR1/P/OW/2024/6371/1 dated February 15, 2024. The Extension letter received by the Company from the Manager to the Offer is enclosed ( Annexure 1 ) for your reference.
You are requested to take the abovementioned information on your record.
Thanking You, Yours truly, For Route Mobile Limited
Rathindra Digitally signed by Rathindra das das Date: 2024.02.15 23:59:17 +05'30'
_________________________________________________________________________ Rathindra Das Group Head-Legal, Company Secretary & Compliance Officer M. No. F12663
Annexure 1
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