Shardul Amarchand Mangaldas advised RateGain Travel Technologies on its QIP
Shardul Amarchand Mangaldas advised RateGain Travel Technologies on its QIP
Shardul Amarchand Mangaldas advises RateGain Travel Technologies Limited on its Qualified Institutions Placement (QIP) of 9,331,259 equity shares of face value of ₹1 each, priced at ₹643 per Equity Share, including a premium of ₹642 per Equity Share, aggregating to ₹600 crore. The placement document was filed with BSE Limited and National Stock Exchange of India Limited on 20 November 2023.
RateGain is a leading global provider of Software as a Service (“SaaS”) solutions in the hospitality and travel industry.
The transaction team was led by Prashant Gupta, Partner, National Practice Head – Capital Markets; Ajo Jomy, Senior Associate; Shwetank Sharma, Senior Associate; Sridutt Mishra, Associate; and Ishan Sehgal, Associate.
J. Sagar Associates (Mumbai) and Hogan Lovells Lee & Lee advised IIFL Securities Limited and Axis Capital Limited (“Lead Managers”) on the Indian legal aspects and international selling and transfer restrictions, respectively.
