Promoter stake restricted as security for Sojern acquisition

Promoter Below 50pctOwnership Changes View source PDF Explain this filing

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

-2.4%Reaction day

₹650.00

prior close

₹654.30

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%-2.2% vs market

Computers - Software & Consulting peers, median of 65sector+0.1%-2.5% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 2.5 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

-1.3

10m

-1.5

15m

-1.3

30m

-1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4-0.2-2.2+0.1-2.5

Next day

-1.9-0.5-1.4-0.1-1.9

+4.3+0.5+3.8-0.1+4.4

+5.5-0.2+5.7-1.0+6.4

+4.9-1.9+6.8-2.1+7.0

+2.9-1.5+4.5-2.9+5.9

+2.2-2.2+4.3-1.1+3.2

15d

+6.6-3.6+10.2-1.6+8.2

+6.2-3.5+9.7-1.6+7.8

+4.2-7.0+11.2-6.3+10.4

-6.2-11.1+4.9-14.2+8.1

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 65Pending

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

AI summary

A subsidiary signed an October 29, 2025 facility to acquire Sojern Inc. RateGain guarantees it, while promoter Bhanu Chopra restricted 38,965,990 shares as security for HSBC and Citi. The shares equal 33% of RateGain capital and over 50% of his promoter holding; his total direct stake is 37.67%.

Likely market impact

The promoter has less flexibility over most of his stake, while the acquisition adds debt and security risk. No promoter sale or new share issue was reported.