The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Plutus Wealth Management LLP
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Plutus Wealth Management LLP (along with PAC Junomoneta Finsol Pvt Ltd) has disclosed an open market acquisition of 3,50,000 shares (0.30% of voting capital) of RateGain Travel Technologies, taking its total holding to 75,50,000 shares (6.39% of voting capital, 6.27% on a diluted basis). The acquirer is not part of the promoter group. The acquisition was carried out between 10th Nov 2022 and 12th Sept 2025, and the disclosure was filed on September 16, 2025 under SEBI SAST Regulation 29(2) for crossing the 2% reporting threshold. Plutus's holding has risen from 6.10% to 6.39%, placing it within the 5–10% creeping acquisition window where further purchases could push it toward the 10% open-offer trigger.
This is a modest increase by a non-promoter institutional investor, suggesting steady accumulation rather than a strategic shift. Shareholders should note Plutus is now closer to the 10% threshold; crossing 10% would typically require a mandatory open offer to remaining shareholders.