Internal merger of step-down subsidiary RateGain Merger Sub with Sojern Inc

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RATEGAIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹681.85

prior close

₹677.20

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%-2.3% vs market

Computers - Software & Consulting peers, median of 64sector-0.5%-1.4% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.4 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-0.8

15m

-1.0

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.9+0.4-2.3-0.5-1.4

Next day

-1.4+0.0-1.5-0.4-1.0

-2.6-0.2-2.4+0.7-3.4

+0.2+0.7-0.5+2.7-2.5

+0.8+0.6+0.2+1.5-0.8

+2.5+0.5+2.0+2.0+0.5

+5.6+0.3+5.3+0.3+5.3

15d

+4.1-1.5+5.6-0.7+4.8

-3.6-6.6+2.9-3.5-0.1

+0.4-3.2+3.5-3.2+3.5

-12.8-5.2-7.6-11.4-1.3

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 64Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

RateGain's Board approved the merger of its wholly-owned step-down US subsidiary RateGain Merger Sub, Inc. (a shell set up to acquire Sojern) with Sojern, Inc., effective November 5-6, 2025. Sojern is now a direct wholly-owned foreign subsidiary. No cash consideration or new shares are involved, and the listed company's shareholding pattern remains unchanged. Sojern reported USD 172.2 million turnover for calendar year 2024 and offers an AI-powered hospitality and travel marketing platform.

Likely market impact

Purely internal group restructuring. No change in shares, cash, or shareholding pattern. Neutral for shareholders.