Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (‘Listing Regulations’), Route Mobile has informed that Routesms Solutions FZE (‘RSL FZE’), wholly-owned subsidiary of the company has entered into a Share Purchase Agreement (‘SPA’) on October 12, 2021 with the existing shareholders (‘Sellers’) of Interteleco International for Modern Communication Services (Limited Liability Company), Kuwait (‘Target Entity’) for the acquisition of equity stake and on such terms as detailed in Annexure 1, appended as required under Regulation 30 of Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 The Target Entity is in the business of modern communication services and integrated services for mobile communication. The completion of the acquisition is subject to the fulfillment of certain conditions precedent as specified in the SPA. A copy of the Press Release on the aforesaid acquisition is enclosed as Annexure 2.
The above information is a part of company’s filings submitted to BSE.
