RateGain CEO Bhanu Chopra Increases Stake Through Open Market Acquisition

CEO and MD Bhanu Chopra of travel-focused SaaS company RateGain has increased his personal stake in the company through open market equity share purchases. Chopra acquired 1.43 Lakh equity shares via open market transactions, resulting in an increase to his ownership position in the organization.

Following the transaction dated November 14, Chopra’s stake in RateGain increased to 37.79% from his previous holding of 37.67%. This represents a direct expansion of his ownership in the company he serves as founder, CEO and MD.

The broader promoter and promoter group holding at RateGain, which includes Bhanu Chopra, Usha Chopra, and Megha Chopra, cumulatively held 48.16% stake in the company at the end of the September quarter.

Key Points

• Quantifiable Data: 1.43 Lakh equity shares acquired; stake increased to 37.79% from 37.67%; promoter group cumulative stake of 48.16% at end of September quarter

• Organizations: RateGain (travel-focused SaaS company)

• Key People: Bhanu Chopra (founder, CEO and MD); Usha Chopra (promoter group member); Megha Chopra (promoter group member)

• Transaction Date: November 14

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