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Route Mobile Shares Gain As Proximus Group To Acquire Majority Stake

Shares of Route Mobile Ltd. surged before declining on Monday after Proximus Group agreed to buy a 57.6% stake in the company.

The share-purchase agreement will result in Proximus Group acquiring control over the cloud communication platform provider for about Rs 5,922 crore in cash at Rs 1,626.40 per share, according to an exchange filing on Monday. ....

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