Route Mobile jumps 2.7% on big fundraising plan

NEW DELHI: Shares of Route Mobile added 2.7% in early Mumbai trading on Monday after the cloud communications platform said it has received approval from shareholders for a Rs 2,000 crore fundraising plan as well as permission to increase limits of foreign portfolio investment in the company.

At 09:40 hours (IST), shares of Route Mobile traded at Rs 2,282.95 on the National Stock Exchange, registering a gain of 2.69% from the previous close.