NEW DELHI: Enterprise messaging firm Route Mobile's public
shareholders
have tendered shares worth about Rs 2,500 crore at current price for the company's ongoing open offer, according to a regulatory filing. The
open offer
has been triggered with Belgium-based
Proximus Group
, through its subsidiary, initially acquiring a 57.56 per cent
stake
in enterprise messaging firm
Route Mobile
for Rs 5,922.4 crore in an all-cash deal.
The
acquisition
has triggered an open
market offer
for the sale of 26 per cent of Route Mobile in compliance with regulatory guidelines.
Depending on the outcome of the MTO (mandatory takeover offer), the stake held by Proximus Opal could further increase to around 75 per cent of Route Mobile's shares.
"1,57,68,803 equity shares have been tendered in the Escrow Demat Account (with The Hongkong and Shanghai Banking Corporation Limited (
HSBC
)," Route Mobile said.
The tendered period has closed now.
Shares of Route Mobile closed at Rs 1,600.65 apiece, down 0.54 per cent, at BSE on Friday.
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