Route Mobile Buyback Detail
Buyback Record Date
Buyback Open Date Jul 11, 2022
Buyback Closing Date Aug 29, 2022
Issue Size (Amount) ₹120.00 Crores
Buyback Price ₹1700 per Share

Route Mobile Buyback Date & Price FAQs

The Route Mobile Buyback price is set at Rs 1700 Per Share. The Route Mobile Buyback opens on Jul 11, 2022 and closes on Aug 29, 2022.

There is no concept of Tender form in case of an open market offer through the Stock exchange. Any equity shareholder holding the Equity shares of Route Mobile Buyback can participate in the buyback offer through their stockbroker.

The Public Announcement for Route Mobile Buyback can be download here.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

Necessity of the Issue:

The buyback is being undertaken for the following reasons:

1. Utilise the available surplus funds, which are in excess of the surplus amount needed to be retained by the company for future growth over a medium term.

2. The Buyback would help in improving the return on equity, based on the consumption that the company would earn similar profits as in the past and increasing shareholder value in the long term.

The Route Mobile Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.