Route Mobile's public shareholders tender shares for an open offer after Proximus Group's subsidiary acquires a 57.56% stake, leading to an open market offer for 26% compliance.
Route Mobile's public shareholders have tendered shares worth Rs 2,500 crore for an ongoing open offer, following Proximus Group's subsidiary acquiring a 57.56% stake in Route Mobile for Rs 5,922.4 crore. The acquisition led to an open market offer for the sale of 26% of Route Mobile to comply with regulatory guidelines. If the MTO outcome favors Proximus Opal, its stake could increase to 75%.
April 13, 2024
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