Route Mobile soars as its arm signs definitive agreements to acquire Masivian S.A.S
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Route Mobile is currently trading at Rs. 2168.00, up by 53.30 points or 2.52% from its previous closing of Rs. 2114.70 on the BSE.
The scrip opened at Rs. 2160.00 and has touched a high and low of Rs. 2201.05 and Rs. 2151.60 respectively. So far 10752 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2308.15 on 05-Jul-2021 and a 52 week low of Rs. 687.90 on 16-Oct-2020.
Last one week high and low of the scrip stood at Rs. 2201.05 and Rs. 1995.95 respectively. The current market cap of the company is Rs. 12538.10 crore.
The promoters holding in the company stood at 65.35%, while Institutions and Non-Institutions held 21.63% and 13.02% respectively.
Route Mobile’s wholly owned subsidiary--- Route Mobile (UK) has signed definitive agreements to acquire Masivian S.A.S (Masiv), a cloud communication platform service provider catering to enterprises in Latin America (LatAm). The acquisition is aligned to Route Mobile's global growth strategy to be a recognized global CPaaS player and to solidify its presence in Latin America.
Masiv operates in the LatAm market, with its differentiated and well-adapted cloud communication platform, security and data analytics that offers a comprehensive suite of communications, marketing, and AI-powered products. Masiv offers multichannel notification services through SMS, OTT business messaging, email, as well as voice, serving clients across Colombia and Peru.
Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO).
