RateGain Travel Technologies climbs on completing assets acquisition of Adara Inc, USA

RateGain Travel Technologies is currently trading at Rs. 317.00, up by 10.05 points or 3.27% from its previous closing of Rs. 306.95 on the BSE.

RateGain Travel Technologies
RateGain Travel Technologies

The scrip opened at Rs. 309.95 and has touched a high and low of Rs. 320.80 and Rs. 305.75 respectively. So far 39748 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 525.00 on 18-Jan-2022 and a 52 week low of Rs. 236.05 on 30-Jun-2022.

Last one week high and low of the scrip stood at Rs. 320.80 and Rs. 293.00 respectively. The current market cap of the company is Rs. 3323.26 crore.

The promoters holding in the company stood at 55.82%, while Institutions and Non-Institutions held 15.37% and 28.81% respectively.

RateGain Travel Technologies has completed acquisition of assets of Adara Inc., USA on January 09, 2023. The acquisition will also strengthen and consolidate RateGain’s position across commercial teams in leading hotel chains, airlines and car rental companies which work with both Adara and RateGain as well as give access to a niche segment of over 50+ Destination Marketing Organizations in the United States.

Together Adara and RateGain will become the most comprehensive travel-intent platform that processes over 200 billion ARI updates, manages close to 30 billion data points and works with 700+ partners across 100+ countries giving the industry a single source to understand intent, target them and convert them.

RateGain Travel Technologies is among the leading distribution technology companies globally and it the largest Software as a Service (SaaS) company in the hospitality and travel industry in India.

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