With reference to Open offer of Route Mobile, Route Mobile has informed that, SEBI vide its Letter No. SEBI/HO/CFD/CFD-RAC-DCR1/P/OW/2024/4718/1 dated February 1, 2024, has issued final observations for the Open Offer for acquisition of shares of the Company from its public shareholders. However, as on date, the anti-trust law approvals from Kuwait and United Arab Emirates (‘UAE’) required to proceed with the Open offer are pending. The anti-trust approvals from Kuwait and UAE are awaited anytime soon for the Proposed Transaction. In view of this, Manager to the Offer vide its letter dated February 9, 2024 requested SEBI to extend the period of commencement of open offer. Accordingly, SEBI has given approval for extension for opening of offer vide letter number SEBI/HO/CFD/CFD-RAC-DCR1/P/OW/2024/6371/1 dated February 15, 2024. The Extension letter received by the Company from the Manager to the Offer on February 15, 2024 at 17:15 IST is enclosed (Annexure 1).
The above information is a part of company’s filings submitted to BSE.
