Route Mobile Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Route Mobile Ltd lost 1.69% today to trade at Rs 1416.95. The BSE Teck index is down 0.57% to quote at 19440.68. The index is up 4.09 % over last one month. Among the other constituents of the index, Tata Teleservices (Maharashtra) Ltd decreased 1.57% and ITI Ltd lost 1.34% on the day. The BSE Teck index went up 30.56 % over last one year compared to the 17.77% surge in benchmark SENSEX.

Route Mobile Ltd has lost 8.1% over last one month compared to 4.09% gain in BSE Teck index and 0.31% drop in the SENSEX. On the BSE, 300 shares were traded in the counter so far compared with average daily volumes of 3516 shares in the past one month. The stock hit a record high of Rs 1942 on 15 Jul 2024. The stock hit a 52-week low of Rs 1334.5 on 18 Nov 2024.

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The Board of Directors of Route Mobile (UK) (RML UK), a wholly-owned subsidiary of Route Mobile, has approved the acquisition 7,507,500 shares of IDR 1000/-, aggregating to IDR 7,507,500,000 of PT Route Mobile Indonesia (RM Indonesia), on 22 November 2024 to meet the local law requirements. Upon allotment of equity shares by RM Indonesia, the total investment of RML UK in RM Indonesia will be 99,99,990 shares, representing 99.90% of the total equity share capital in RM Indonesia.

RM Indonesia is involved in business of value-added technology services in the area of omni channel/ communication services.

The object of the investment is to meet the requirement of Indonesian Investment Law for a minimum paid-up capital of IDR 10,000,000,000 (ten billion Indonesian Rupiahs) for foreign-owned companies (PMA) registered in the country.

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Route Mobile has partnered with Billeasy E Solutions (Billeasy), a Mumbai-based integration partner, to launch a unique ticketing experience for the L&T Metro Rail Hyderabad commuters. This initiative leverages Rich Communication Services (RCS) and Google Wallet services to enable commuters to easily book e-tickets, save them in Google Wallet, and access them across multiple channels. This innovative solution streamlines the metro ticketing process, providing commuters with more convenient and efficient journeys.

RCS messaging enables an interactive, conversational ticketing experience that replaces traditional SMS with advanced features like information cards, carousels, suggested replies, and app integrations. RCS allows commuters to book tickets directly from their default Android messaging app - Google Messages, eliminating the need to wait in long ticketing queues at stations or download additional apps.

To use this service, commuters need to simply scan the QR code and send a 'Hi' via RCS messaging on Google Messages to the official L&T Metro Rail Hyderabad's handle. They are then guided to select their source, destination, and ticket type. They can complete the payment securely through options like UPI, with instant confirmation. Once booked, tickets are seamlessly stored in Google Wallet, making it easily accessible directly from their phone for a seamless travel experience.

This whole experience is native, without the need of downloading any new app and works within the Google Messages app.

Currently available for Android users, this service is future-proofed to support iOS when Apple brings RCS support to India, further enhancing convenience across the Hyderabad Metro network.

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Route Mobile announced that the Board of Directors of the Company at its meeting held on 21 October 2024, inter alia, have recommended the first interim dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

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