DBT Bureau
Bengaluru, 12 September 2024
The promoter of Route Mobile- Proximus Opal will sell up to 38 lakh shares, or 6.03% stake in the company through an Offer for Sale (OFS) on September 12-13, the company said in an exchange filing.
The floor price of the OFS is without any discount Rs 1,635 per share, the filing said.
Through such stake sale, Proximus Opal wants to meet the regulator’s minimum public shareholding requirement.
“Proximus Opal is one of the Promoters of company. We hereby notify …. that the seller proposes to sell up to 3,800,000 equity shares of the company (representing 6.03% of the total issued and paid up equity share capital of the company),” the filing said.
“The offer is being undertaken by the seller for achieving the minimum public shareholding of the company,” it added.
The OFS will be open for non-retail investors on September 12, and for retail well as non-retail investors on September 13.
Route Mobile, a global player in Communications Platform as a Service (CPaaS), is a part of the Proximus Group, which is a Belgium-based provider of digital services and communication solutions.
