RateGain Travel Technologies gains as its arm incorporates subsidiary in UAE
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RateGain Travel Technologies is currently trading at Rs. 308.15, up by 3.40 points or 1.12% from its previous closing of Rs. 304.75 on the BSE.
The scrip opened at Rs. 310.00 and has touched a high and low of Rs. 314.75 and Rs. 306.75 respectively. So far 2673 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 525.00 on 18-Jan-2022 and a 52 week low of Rs. 236.05 on 30-Jun-2022.
Last one week high and low of the scrip stood at Rs. 314.75 and Rs. 297.80 respectively. The current market cap of the company is Rs. 3299.26 crore.
The promoters holding in the company stood at 55.82%, while Institutions and Non-Institutions held 15.37% and 28.81% respectively.
RateGain Travel Technologies’ wholly owned subsidiary – RateGain Technologies, UK has incorporated a subsidiary namely ‘RateGain Technologies’ in Sharjah Media City, Sharjah, UAE. This new entity formation would strengthen the Company’s organic growth strategy. RateGain Technologies, UK subscribed to the share capital of Emirati Dirham 100,000 (being 100% of the share capital of the newly incorporated entity).
RateGain Travel Technologies is among the leading distribution technology companies globally and it the largest Software as a Service (SaaS) company in the hospitality and travel industry in India.
