Private Equity

Liquidity Events

TA Associates exits RateGain by selling shares worth Rs.167-Cr, registers 5.21x return

Stock Exchange Data  

TA Associates has sold its residual .28% stake in publicly-listed RateGain Travel Technologies Ltd through a bulk deal realizing INR 167.05 crore. The investor has made a complete exit from its over 7.5 year-old investment with a 5.21x return.

From the Venture Intelligence PE-VC Deal Database: In Jan 2015, TA Associates invested INR 171.77 crore for 25.71% stake in RateGain. The company went public in Dec 2021 at INR 425 per share and TA Associates made a part exit as part of the IPO.