The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Plutus Wealth Management LLP & PACs

RATEGAIN · price

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Price reaction · full curve 14 horizons · vs prior close

+3.3%1-day move

₹619.90

prior close

₹618.95

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.4+0.0+0.0+1.6+3.3+0.6+3.4+9.5+6.6+14.9+25.0+32.9+53.2—

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AI summary

Plutus Wealth Management LLP along with its PACs (Junomoneta Finsol and Paisbuddy Finance) has disclosed open market sales of shares in RateGain Travel Technologies Ltd between 28th January 2026 and 8th May 2026. The combined group sold 12,13,080 shares representing 1.03% of total voting capital. Plutus Wealth sold 10,05,797 shares while PAC Paisbuddy Finance sold 2,07,283 shares. Before the transaction, the group held 12.76% of the company. After the sale, their combined holding reduced to 5.34% of total capital (5.17% diluted). Notably, Plutus Wealth also holds warrants convertible into 75,31,610 shares representing 6.38% of capital, which were not exercised during this period.

Likely market impact

This represents a significant reduction in the shareholding of a notable investor group (non-promoter) through open market sales. The group has reduced its stake by over 1% while retaining a 5.34% position plus potential warrant conversion rights. This could signal profit-taking or a shift in investment thesis, though it does not trigger any regulatory thresholds requiring additional disclosures.