Plutus Wealth Management increases stake in RateGain Technologies

7 Nov 2022 , 07:56 AM

Plutus Wealth Management purchased 10.5 lakh shares of RateGain Technologies for Rs 281.16 per share on average.

In comparison to the previous NSE close of Rs 291.9 per share, this represents a markdown of 4%.

At the end of September, Plutus Wealth Management owned 4.39% of the business.

Founded in 2004, RateGain has a market capitalization of over Rs3,100 crore. One of the world’s biggest processors of electronic transactions and price points for travel and hotels, the company offers SaaS solutions. It serves 2,200+ clients worldwide, including 8 Fortune 500 firms, 23 of the top 30 hotel chains, 25 of the top 30 online travel agencies, the top 10 car rental agencies, and some of the biggest cruise lines, airlines, and travel management organizations.

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