The company allotted 4959999 equity shares of the face value of Rs10 each at a premium of Rs245 per share under the preferential issue.
Route Mobile, a CPaaS (Communication Platform as a Service) provider to enterprises, OTT players and mobile network operators, will enable Bank of Maharashtras customer communications with WhatsApp Banking Service using it CPaaS solutions.
Sun Pharma performed as top gainer surging by 3% after hitting 52-week high Rs861.50 per piece.
The company's margins are expected to expand by 40bps QoQ due to rupee depreciation and a higher share of revenues from the Products & Platforms segment.
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