Proximus Opal Sa made an offer to acquire 26% stake in Route Mobile Limited (NSEI:ROUTE) for INR 26.7 billion on July 17, 2023. Morgan Stanley acted as a manager to the offeror. Morgan Stanley India Company Private Limited acted as financial advisor to Proximus and KFin Technologies Limited acted as transfer agent to Proximus

Proximus Opal Sa completed the acquisition of approximately 25% stake in Route Mobile Limited (NSEI:ROUTE) for INR 25.9 billion on April 13, 2024.