RateGain Travel Technologies Limited has filed a placement document with BSE Limited and National Stock Exchange of India Limited on November 20, 2023, for an issue of 9,331,259 equity shares of face value of ₹1 each, priced at ₹643 per Equity Share, including a premium of ₹642 per Equity Share, aggregating to ₹600 crore.

IIFL Securities Limited and Axis Capital Limited acted as the Lead Managers to the issue.

Shardul Amarchand Mangaldas & Co advised RateGain on this QIP.

The transaction team was led by Prashant Gupta (Partner, National Practice Head – Capital Markets), Ajo Jomy (Senior Associate), Shwetank Sharma (Senior Associate), Sridutt Mishra (Associate) and Ishan Sehgal (Associate).

JSA and Hogan Lovells advised the Lead Managers on the Indian legal aspects and international selling and transfer restrictions, respectively.

RateGain is a leading global provider of Software as a Service (“SaaS”) solutions in the hospitality and travel industry.

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