World and home investor funds, together with Steadview Capital Mauritius, PineBridge World Fund and Kuber India Fund, have invested ₹867.49 crore ($116.8 million) by certified institutional placement (QIP) in Route Cellular Ltd, the messaging and voice software programming interface firm stated in a regulatory disclosure.
“A number of current and new shareholders participated within the QIP, together with Steadview Capital Mauritius Ltd, RBC Asia Pacific Ex-Japan Fairness Fund, Kuber India Fund, HSBC World Funding Funds, Asia Ex-Japan Fairness Smaller Corporations, Societe Generale–ODI and Verdipapirfondet DNB World Rising Markets,” the disclosure stated.
Personal fairness investor PineBridge World Funds (previously AIG Capital) invested by a number of associates, together with PineBridge World Funds, PineBridge Asia Ex Japan Small Cap Fairness Fund and PineBridge India Fairness Fund.
“We’re delighted with the participation of the brand new buyers who’ve come on board and the continued assist of our current buyers, thereby guaranteeing a diversified and high-quality funding neighborhood base of Route Cellular,” stated Rajdipkumar Gupta, managing director and group chief government officer.
Route Cellular went public in September 2020 with bumper itemizing positive factors, following a ₹600 crore (round $80.8 million) preliminary public providing that was subscribed 73.3 occasions.
Supply: Live Mint