India: Cloud services platform Route Mobile files IPO papers to raise $94m

Birds rest on the logo of the Securities and Exchange Board of India (SEBI). REUTERS/Shailesh Andrade/Files

Route Mobile Ltd, a provider of cloud-communication platform services, on Monday filed the draft red herring prospectus (DRHP) for its initial public offering (IPO).

According to the draft prospectus, the share sale will include a fresh issue worth Rs350 crore, while the promoters will offer 6.5 million shares in an offer for sale.

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