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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On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 1.0 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.
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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.
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.