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RateGain Travel Technologies is currently trading at Rs. 720.40, up by 2.60 points or 0.36% from its previous closing of Rs. 717.80 on the BSE.

The scrip opened at Rs. 719.95 and has touched a high and low of Rs. 726.55 and Rs. 695.35 respectively. So far 25028 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 733.00 on 17-Nov-2023 and a 52 week low of Rs. 262.65 on 23-Dec-2022.

Last one week high and low of the scrip stood at Rs. 733.00 and Rs. 682.20 respectively. The current market cap of the company is Rs. 7818.45 crore.

The promoters holding in the company stood at 55.72%, while Institutions and Non-Institutions held 23.23% and 21.06% respectively.

RateGain Travel Technologies has completed a capital raise of Rs 600 crore through a Qualified Institutional Placement (QIP) with support from Institutional Investors. The Fundraising committee of the Board of Directors approved the allotment of 9,331,259 shares at a price of Rs 643 (Face value of Rs 1 and premium of Rs 642). 

The company will use the funds for strategic investments, acquisitions and inorganic growth and realize its vision to build an AI-powered integrated tech stack for the industry that will allow RateGain’s customers to acquire guests, retain and engage them as well as expand on wallet share. Over the last few years, RateGain has demonstrated a successful M&A playbook that is able to improve profitability and drive high growth in all the acquisitions it has done to date and will be using this playbook to further grow and consolidate its position in the travel and hospitality industry and create operating leverage.

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.