9 months ago
RateGain CEO Bhanu Chopra Boosts Stake by 1.43 Lakh Shares
The CEO of RateGain, Bhanu Chopra, bought more shares of his company, increasing his stake.
This happened after RateGain reported good financial results and gave positive predictions for the future.
The company's stock price has gone up since then.
Bhanu Chopra, CEO of RateGain, increased his stake in the company
He acquired 1.43 Lakh equity shares via open market transactions
His stake rose to 37.79% from 37.67% post-transaction
Promoters and promoter group held 48.16% stake at the end of Q2
RateGain's shares have been on a bull run post strong Q2 guidance
- Who
- Bhanu Chopra, CEO of RateGain
- What
- Increased stake in RateGain
- Where
- Open market transactions
- When
- November 14, 2023
- Why
- Not explicitly stated in the articles
Key facts
- Initial Stake
- 37.67%
- Increased Stake
- 37.79%
- Shares Acquired
- 1.43 Lakh
- Promoters' Stake (Q2 End)
- 48.16%
- RateGain's Q2 Net Profit
- INR 51 Cr
- RateGain's Q2 Operating Revenue
- INR 277.3 Cr
- RateGain's FY26 Revenue Guidance
- 55% to 60% YoY growth
- RateGain's Stock Performance Post Q2
- 8% increase
Quotes
Bhanu Chopra, CEO and MD of RateGain
The CEO and Managing Director of RateGain, a travel-focused SaaS company
“In terms of EBITDA, we would be looking at a full-year EBITDA margin of around 16%-17% considering Sojern’s current EBITDA margin stands at 14%. The March 2026 EBITDA exit run rate will be anywhere between 16.5%-17.5% based on Phase-I of our integration and cost synergy”
inc42.com
