Route Mobile Limited (BSE:543228) announces a share repurchase program. Under the program, the company will repurchase up to INR 1,200 million worth of its shares. The maximum price paid by the shareholders would not exceed INR 1,700 per share.

The program will be closing earlier of January 10, 2023, or when the company completes the buyback by deploying the amount equivalent to the maximum buyback size or at such an earlier date as may be determined by the board or buyback committee, after giving notice of such earlier closure. As of June 24, 2022, the company had 63,043,588 issued and outstanding shares.