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 February 4, 2022 with the existing shareholders of M.R Messaging FZC (‘Target Company’) to acquire 100% of the equity shares of the Target Company. The Target Company is involved in the business of CPaaS (Communication Platform as a Service) solutions including A2P messaging, number lookup and 2-way messaging, offered to enterprises as well as aggregators, using its technology platform. The Acquisition will be effective subject to the fulfillment of various terms and conditions as specified in the SPA. The details as required under Regulation 30 of Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure 1. A copy of the Press Release on the aforesaid acquisition is enclosed as Annexure 2. This intimation shall also be hosted on the website of the Company at www.routemobile.com.
The above information is a part of company’s filings submitted to BSE.
