RateGain Acquires Entire Stake in RG UK for £82.5M via Loan Conversion
RateGain Travel Technologies Limited approved acquiring 100% of its subsidiary RG UK by converting USD 109.7M loan and interest into equity, costing £82.5M (₹859.01 crore). The acquisition is expected to complete by March 31, 2026. RG UK reported FY25 turnover of £26.2M.
The acquisition involves a significant amount and represents a strategic move to consolidate control over a key subsidiary, impacting the company's financial structure and ownership.
The acquisition of a wholly owned subsidiary through loan conversion strengthens the company's control and integration, which is generally viewed positively.
RateGain Travel Technologies Limited announced that its Board of Directors has approved the acquisition of 23 equity shares in its material unlisted wholly owned subsidiary, RateGain Technologies Limited (RG UK). This acquisition is pursuant to the conversion of the entire inter-corporate loan of USD 109,745,000 (₹912.83 crore) and accrued interest of USD 2,461,225 (₹20.45 crore) into equity.
The total cost of acquisition amounts to GBP 82,504,577 (₹859.01 crore). Following this conversion, RateGain will hold 100% of RG UK's shares. RG UK, which operates in the Travel Technologies sector, specializes in Data-as-a-Service (DaaS), Distribution, and Marketing Technology (MarTech) products for the travel and hospitality industry. Its turnover for FY 2024-25 was £ 26,198,727 (₹273.46 crore), with revenues of £ 24,525,024 (₹256.18 crore) in FY 2023-24, £ 16,366,710 (₹170.90 crore) in FY 2022-23, and £ 12,256,816 (₹127.97 crore) in FY 2021-22.
The transaction is considered a related party transaction as RG UK is a wholly owned subsidiary, and it is conducted at arm's length. The acquisition is expected to be completed on or before March 31, 2026. The consideration was paid through the conversion of the outstanding loan and interest previously granted by RateGain to RG UK.
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Rategain Travel Technologies Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Rategain Travel Technologies Limited. Read the original for the full detail.