Plutus Wealth Management Hikes Stake in Rategain to 6.39%

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Plutus Wealth Management LLP has increased its stake in Rategain Travel Technologies Limited to 6.39% through open market acquisitions. The acquisition involved the purchase of 3,50,000 shares, representing 0.30% of the total share/voting capital of Rategain Travel Technologies.

The shares were acquired between November 10, 2022, and September 12, 2025. Post-acquisition, the total number of shares held by Plutus Wealth Management LLP, along with Persons Acting in Concert (PAC), increased to 75,50,000.

Shareholding Details

The acquisition has altered the shareholding pattern of Plutus Wealth Management LLP in Rategain Travel Technologies. The details are as follows:

• Pre-Acquisition Holding: 72,00,000 shares, representing 6.10% of the total share/voting capital (5.98% of the diluted share/voting capital).
• Acquisition: 3,50,000 shares, representing 0.30% of the total share/voting capital (0.29% of the diluted share/voting capital).
• Post-Acquisition Holding: 75,50,000 shares, representing 6.39% of the total share/voting capital (6.27% of the diluted share/voting capital).

Details of Acquisition

The acquisition of shares was executed through the open market. Here’s a detailed breakdown:

• Shares Carrying Voting Rights Acquired: 3,50,000
• Percentage of Total Share/Voting Capital: 0.30%
• Percentage of Diluted Share/Voting Capital: 0.29%

Equity Capital

The equity share capital of Rategain Travel Technologies before and after the acquisition remains consistent:

• Equity Share Capital: ₹11.80 Crores consisting of 11,80,77,374 equity shares of face value of Re. 1 each.

The total diluted share/voting capital of the TC after the said acquisition/sale is Equity capital of ₹12.04 Crores consisting of 12,04,48,306 equity shares of face value of Re. 1 each.

This disclosure is made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Plutus Wealth Management LLP, along with Junomoneta Finsol Private Limited (PAC), has reported this acquisition to the stock exchanges, including the National Stock Exchange of India Limited and BSE Limited.