Secondary Issues

Travel-tech co RateGain raises Rs.600-Cr through QIP

Business Line  

Noida-headquartered Rategain Technologies has alloted 93.31 lakh shares of face value INR 1 each to qualified institutional buyers (QIBs) at INR 643 a share, aggregating to INR 600 crore. Rategain provides business intelligence solutions to hotels and travel companies. The company came out with an INR 1,336 crore initial public offering in 2021 at INR 425 a share.

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