Acquisitions13 Jul 2026, 06:50 pm
Route Mobile subsidiary acquires Heltar Technologies
AI Summary
Route Mobile Limited announced that its wholly-owned subsidiary, Route Connect Private Limited, will acquire the AI-led Omnichannel Business Undertaking of Heltar Technologies Private Limited via a slump sale. The acquisition aims to strengthen Route Mobile's capabilities in artificial intelligence and omnichannel communications. Route Connect will also receive an inter-corporate deposit facility of INR 35 Crores from the parent company to fund the acquisition and other business purposes. The acquisition is expected to be completed within approximately six weeks.
Key Highlights
- Route Mobile subsidiary to acquire Heltar Technologies' AI omnichannel business.
- Acquisition to be completed via slump sale for cash consideration.
- Total acquisition cost includes upfront and deferred payments.
- Subsidiary to receive INR 35 Crores loan facility for the acquisition.
- Deal aims to enhance AI and omnichannel communication capabilities.
Price Impact
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