The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sundaram Large & Mid Cap Fund

Creeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

RATEGAIN · price

Loading chart…

▲ 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

+1.8%Reaction day

₹730.00

prior close

₹736.20

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.6%+2.5% vs market

Computers - Software & Consulting peers, median of 67sector+0.0%+1.8% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 1.8 pts more 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

-0.2

10m

-0.5

15m

-0.9

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-0.6+2.5+0.0+1.8

Next day

+5.8-1.7+7.5+0.0+5.8

+6.2-0.7+6.8+1.6+4.6

+4.8-0.4+5.2-0.2+5.0

+6.1+0.4+5.7-0.5+6.6

+3.5+0.4+3.0-1.1+4.5

+2.6+0.3+2.3-2.8+5.4

15d

+18.9+5.5+13.4-1.8+20.7

+18.6+4.6+14.0-3.4+22.1

+25.9+5.3+20.6+0.6+25.4

+27.5+11.6+15.9-1.3+28.8

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 67Pending

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

AI summary

Sundaram Large & Mid Cap Fund (managed by Sundaram Asset Management Company) acquired 941,900 shares of RateGain Travel Technologies through open market purchases on May 22, 2026. Following this acquisition, the fund's total holding crossed the 5% regulatory threshold, reaching 6,460,425 shares representing 5.47% of capital (5.28% diluted). Prior to this purchase, the fund held 4.67% stake. Multiple Sundaram Mutual Fund schemes collectively hold this position, with the acquirer confirming they do not belong to the Promoter/Promoter group. This is a routine institutional investment accumulation filing required when crossing the 5% substantial acquisition threshold under SEBI regulations.

Likely market impact

The crossing of 5% threshold by an institutional investor like Sundaram Mutual Fund signals confidence in the company. This is a normal regulatory disclosure for institutional accumulation and does not indicate any hostile intent or immediate impact on stock price.