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Acquisitions29 Jul 2026, 07:00 pm

Route Mobile Subsidiary Completes AI Business Acquisition

AI Summary

Route Mobile Ltd announced the successful completion of the acquisition of the AI-led Omnichannel Business Undertaking of Heltar Technologies Private Limited by its wholly owned subsidiary, Route Connect Private Limited. The acquisition was completed via a slump sale on a going concern basis. All stipulated condition precedents under the Business Transfer Agreement (BTA) dated July 13, 2026, have been fulfilled or waived. The transfer of the business undertaking to Route Connect Private Limited is effective from the close of business hours on July 29, 2026. This move is in furtherance of the company's earlier intimation on July 13, 2026.

Key Highlights

  • Route Mobile subsidiary Route Connect Private Limited has completed acquisition.
  • Acquisition is of AI-led Omnichannel Business Undertaking from Heltar Technologies.
  • All conditions precedent for the Business Transfer Agreement are met.
  • The acquired business undertaking is now transferred to Route Connect.
  • Transaction completed effective July 29, 2026.