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Qualified institutions placement by RateGain Travel Technologies Limited

Deal
December 4, 2023

JSA advised IIFL Securities Limited and Axis Capital Limited in relation to the qualified institutions placement by RateGain Travel Technologies Limited (“RateGain“). RateGain filed a placement document on November 10, 2023 for an issue of 9,331,259 equity shares to qualified institutional buyers aggregating to approximately ₹ 6,000.00 million.

RateGain is a leading global provider of software as a service solutions in the hospitality and travel industry, offering travel and hospitality solutions across a wide spectrum of and is one of the world’s largest aggregator and processor of travel pricing data for the hospitality and travel industry.

Deal Value: INR 6,000 million

Our Transaction Team Comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Principal Associate – Anshu Bansal, Senior Associate – Sourav Modi, Associate – Pooja Tada, Jeebitesh Bhattacharya, Shambhavi Kumar and Anvita Sinha.

POST TAGS

Tags Hospitality, JSA, Leading Law Firm, Leading Lawyers, QIP, Travel Company

Anshu Bansal Partner

Anshu practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space etc.).

Arka Mookerjee Partner

Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.

Pracheta Bhattacharya Partner

Pracheta practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space, ADR, GDR etc.).

Sourav Modi Senior Associate

Sourav specialises in the area of capital markets and securities. He has advised issuers, investment bankers and underwriters in various equity and debt capital markets transactions involving Infrastructure Investment Trusts (InvITs), IPOs, QIPs, Rights Issuances and bond issuances.