RateGain Travel Technologies Limited approved the acquisition of 100% equity shares in its material unlisted wholly-owned subsidiary, RateGain Technologies Limited (“RG UK”). This acquisition was executed through the conversion of the entire outstanding inter-corporate loan, amounting to approximately USD 112.2 million (including principal and interest). RG UK specializes in TravelTech solutions, including DaaS and MarTech products for the hospitality sector in the United Kingdom.
Loan Conversion Fuels 100% Subsidiary Acquisition
RateGain Travel Technologies Limited announced that its Board has sanctioned the acquisition of the remaining equity stake in its material unlisted wholly-owned subsidiary, RateGain Technologies Limited (“RG UK”). The transaction was completed via the conversion of the entire outstanding inter-corporate loan, which totaled USD 109,745,000 plus accrued interest of USD 2,461,225. The total value of the conversion—the consideration paid for the shares—is approximately GBP 82,504,577.
This strategic move results in the Company acquiring 100% shareholding in RG UK. The effective completion timeline for this transaction is set on or before March 31st, 2026.
Profile of RateGain UK (RG UK)
RG UK is identified as a related party transaction, confirmed to be executed at “arm’s length”. The entity is domiciled in the United Kingdom and operates within the Travel Technologies industry.
Business Focus
RG UK specializes in developing and marketing Data-as-a-Service (DaaS) and Distribution and Marketing Technology (MarTech) products specifically tailored for the travel and hospitality industries. Its client base includes hotels, Online Travel Agencies (OTAs), airlines, and car rental companies. RG UK was incorporated on December 05, 2014.
Financial Performance Snapshot
The announcement provided turnover details for RG UK for the past three financial years, demonstrating substantial growth:
- FY 2023-24: £ 24,525,024
- FY 2022-23: £ 16,366,710
- FY 2021-22: £ 12,256,816
The turnover for the Financial Year 2024-25 was reported at £ 26,198,727, reflecting the strong performance trajectory of this key subsidiary.
Source: BSE
