Route Mobile shares close 8% lower after promoters sell entire stake to Proximus Opal for Rs 5,922 crore
In a filing to the stock exchanges, Route Mobile said that Proximus Group will acquire 57.56 per cent of the shares in Route Mobile through Proximus Opal, for an initial Rs 5,922.4 crore (EUR 643 million) cash consideration for a price of Rs 1,626.40 per share.
The promoters will sell their entire 3.64 crore equity shares to Proximus, the company said.