Route Mobile Acquires AI Business of Heltar Technologies for ₹238.8 Cr, Approves ₹35 Cr Loan
Route Mobile Limited will acquire Heltar Technologies' AI omnichannel business for ₹23.88 crore upfront and ₹9.77 crore deferred. The company also approved a ₹35 crore unsecured loan to its subsidiary, Route Connect, for the acquisition. The loan carries a 9% interest rate and is repayable within 5 years.
The acquisition represents a material strategic development for Route Mobile, involving significant financial outlay and aiming to strengthen its position in the AI and omnichannel communications space. The loan facility further supports this strategic objective.
The acquisition of an AI-led omnichannel business and the provision of a significant loan to its subsidiary are positive strategic moves aimed at expanding capabilities and supporting growth.
Route Mobile Limited announced a significant strategic move following its Board Meeting on July 13, 2026. The company 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. This acquisition will be conducted via a slump sale on a going concern basis, encompassing all associated assets, liabilities, contracts, intellectual property, and employees. The total cash consideration for this acquisition is structured into an upfront payment of ₹23.88 crore at closing and a deferred consideration of ₹9.77 crore payable 18 months post-closing.
Additionally, Route Mobile Limited has approved granting an unsecured loan or inter-corporate deposit (ICD) facility of ₹35 crore to Route Connect Private Limited. This facility, to be disbursed in one or more tranches, will support the acquisition and other business purposes. The loan agreement is set to be executed on or before July 22, 2026. The facility will carry an interest rate of 9% per annum and is repayable within 5 years from the disbursement date. Route Mobile also retains the right to convert the outstanding loan and accrued interest into equity shares of Route Connect. The Board Meeting, which commenced at 5:00 PM IST, concluded at 5:20 PM IST.
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ROUTE MOBILE LIMITED filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by ROUTE MOBILE LIMITED. Read the original for the full detail.