Route Mobile Subsidiary to Acquire AI-Led Omnichannel Business for ~₹33.6 Crore

Route Mobile Limited (RML) has approved the acquisition of the AI-led omnichannel business undertaking of Heltar Technologies Private Limited by its wholly-owned subsidiary, Route Connect Private Limited, via a slump sale. Key Transaction Details: Deal Value: Total consideration of ~₹33.65 crore, comprising an upfront payment of ₹23.88 crore at closing and a deferred payment of ₹9.77 crore payable 18 months post-closing. Scope: The slump sale includes all associated assets, liabilities, contracts, intellectual property, and employee rights on a going-concern basis. Timeline: Expected to be completed within approximately 6 weeks, subject to standard conditions precedent. Funding Mechanism: To facilitate the acquisition, RML has sanctioned an unsecured Inter-Corporate Deposit (ICD) facility of ₹35 crore to Route Connect. Terms: 9% per annum interest, repayable within 60 months, with RML retaining the right to convert the outstanding amount into equity shares of the subsidiary. Strategic Rationale: Heltar Technologies specializes in AI-first omnichannel customer engagement and conversational commerce (CpaaS). This acquisition will significantly enhance Route Mobile’s technological capabilities, allowing it to offer more advanced, AI-driven communication solutions to its global client base. Governance: While the ICD to a wholly-owned subsidiary qualifies as a Related Party Transaction (RPT), it is exempted under Section 186 of the Companies Act, 2013, and is confirmed to be executed on an arm’s-length basis. Outlook: This strategic carve-out acquisition aligns perfectly with Route Mobile’s roadmap to deepen its footprint in the high-growth AI and conversational AI market, strengthening its competitive edge in the global CpaaS landscape.