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Route Mobile raises Rs 867.49 cr via QIP issue

Route Mobile raises Rs 867.49 cr via QIP issue

November 18, 2021 5:20 IST | capital market
Route Mobile announced that it has successfully raised Rs 867.49 crore via Qualified Institutional Placement (QIP).

The QIP saw interest from a mix of international and domestic investors. Several existing and new shareholders participated in the QIP and some of the largest investors in the QIP includes Steadview Capital Mauritius Limited, RBC Asia Pacific Ex-Japan Equity Fund, Kuber India Fund, HSBC Global Investment Funds - Asia Ex Japan Equity Smaller Companies, Societe Generale - ODI, Verdipapirfondet DNB Global Emerging Markets, Pinebridge Global Funds - Pinebridge Asia Ex Japan Small Cap Equity Fund, Pinebridge Global Funds - Pinebridge India Equity Fund.

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