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.