Route Mobile Limited
SBI Mutual Fund decreased its stake in Route Mobile Limited from 3.32% to 2.38%, selling 5,93,510 shares. The stake is now worth ₹87.3 Cr based on the latest share price of ₹582.85.
A cloud communications platform service provider delivering messaging, voice, and email solutions to enterprises, over-the-top players, and mobile network operators. Route Mobile offers a comprehensive portfolio including business messaging, SMS filtering, analytics, and monetization services tailored to meet diverse communication needs. The company became part of the Proximus Group in May 2024, enhancing its technological capabilities and global reach.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.