Announced Mon, 13 Jul · 18:41 IST

Route Mobile subsidiary to acquire Heltar Technologies AI business for about Rs 33.66 cr

Listed Co AcquisitionStrategic Transactions View source PDF

ROUTE · price

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Price reaction · full curve 14 horizons · vs prior close

-1.1%1-day move

₹583.25

prior close

₹589.00

base price

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AI summary

Route Mobile's wholly owned subsidiary Route Connect will acquire Heltar Technologies AI-led omnichannel business via slump sale on a going concern basis. Total consideration about Rs 33.66 crore (Rs 23.88 cr upfront at closing plus Rs 9.77 cr deferred after 18 months), paid in cash. Heltar provides AI-first customer engagement solutions and reported FY26 turnover of Rs 246 lakh. Route Mobile will fund this via a Rs 35 cr unsecured loan to Route Connect at 9 percent interest for 5 years, with a conversion right. Not a related party deal. Expected to close in about 6 weeks.

Likely market impact

Strengthens AI and omnichannel capabilities through a small bolt-on acquisition funded internally, neutral to mildly positive for shareholders.