Thanks for comment on this.
This is not simple L7 redirection.
This is what we would like F5 to do
Client server (HTTP call for example http://10.1.1.1/enterprise/payments) > We will have VIP
(10.1.1.1) configure on F5 > F5 convert this request to something like different URL for example http://abc.com/enterprise/payments and send this request towards final destination with source IP F5 itself and reverse traffic flow will take same path. so basically F5 is doing NAT and redirecting to different URL.
Thanks