SBI Mutual Fund has reported a reduction in its shareholding in Route Mobile Ltd., decreasing its stake by 2.00% since its last disclosure. The sale involved 42,822 shares, which equates to 0.0680% of the paid-up capital. The final holding, as of March 18, 2026, stands at 3.3243% (20,94,432 shares). The transaction was executed via Market Sale on March 18, 2026.
Shareholding Change Disclosure by SBI Mutual Fund
SBI Funds Management Limited, acting on behalf of SBI Mutual Fund schemes, has formally reported a decrease in its holding in Route Mobile Limited. This disclosure is mandated under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The primary reason for the update stems from a decrease of 2.00% in the total shareholding compared to the previous report filed on September 13, 2024, when the holding stood at 5.3832%.
Details of Transaction
The transaction involved the sale of 42,822 shares, representing 0.0680% of the company’s paid-up share capital. The sale method specified in the disclosure was a Market Sale, occurring on March 18, 2026.
Holding Before and After Sale
The holding details were as follows:
- Holding Before Transaction: 21,37,254 shares, equivalent to 3.3923% of the voting rights.
- Total Shares Sold: 42,822 shares (0.0680%).
- Final Holding (As of March 18, 2026): 20,94,432 shares, constituting 3.3243% of the paid-up share capital.
Capital Structure Context
The report confirms that the total equity share capital of Route Mobile Limited before and after the acquisition/sale remains consistent at Rs 63,00,30,820, representing 6,30,03,082 equity shares with a face value of Rs. 10/- each.
The disclosure was authorized by authorized signatories from SBI Funds Management Limited on March 19, 2026, and copies were forwarded to both the National Stock Exchange of India Limited and the BSE Limited.
Source: BSE
