ROUTE MOBILE LIMITED — Important, 19-06-2025: Updates

Proximus Opal has announced a board meeting on 27 March 2024 to consider the financial results for the quarter and half-year. Separately, Proximus Opal and its promoter Proximus have launched an open offer to acquire up to 26% stake in Route Mobile Ltd at ₹1,626.40/share, amounting to a maximum consideration of ₹2698 Cr inclusive of interest for delayed payment. This follows their agreement to acquire 57.71% via a share purchase agreement for ₹5,922 Cr. The acquirer will gain control and become the promoter. Rajdipkumar Gupta will remain CEO of Route Mobile; Sellers will exit promoter status. The offer is not conditional on minimum acceptances and all required approvals have been obtained.