Route Mobile Limited completes acquisition of IP from Sarv Webs Pvt Ltd

Route Mobile Limited had earlier entered into a Business Transfer Agreement ('BTA') on July 1, 2021 with Sarv Webs Private Limited, Rajasthan, India for acquisition of primarily intellectual property ('software') and its associated identified customer contracts ('business'), on a slump sale basis, subject to fulfilment of terms and condition of the BTA.

Pursuant to completion of terms and condition of the said BTA, the Company has completed the acquisition on July 5, 2021.

Source : Equity Bulls

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