The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund
RATEGAIN · price
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Awaiting price reaction for this filing.
Nippon India Mutual Fund (through Nippon Life India Trustee Ltd) sold 74,390 shares of RateGain Travel Technologies in open market transactions carried out between May 27, 2025 and September 15, 2025. This marginally reduced its stake from 4.7645% to 4.7015% of the company's voting capital. The acquirer is not part of the promoter/promoter group. The transaction was carried out in the open market and is being disclosed under SEBI's Takeover Regulations. Post-sale, Nippon India MF continues to hold 55,51,573 shares (4.70%) in the company.
Minimal impact on the stock — this is a tiny 0.06% trimming by a domestic mutual fund, not a promoter, and likely reflects routine portfolio rebalancing rather than any negative view on the company. Shareholders should not read this as a meaningful signal of institutional exit.