ICICI Prudential Mutual Fund trimmed its stake in Rategain Travel Technologies from 5.06% to 2.98% by selling 24,43,309 shares for ₹128.99 crore at ₹527.95 apiece. This disposal caused its stake to fall below the 5% disclosure threshold.
A leading distribution technology company serving the travel and hospitality industry globally. The firm provides Software as a Service solutions across multiple verticals including hotels, airlines, online travel agents, meta-search platforms, package providers, car rentals, cruises, and ferries. It operates as India's largest SaaS provider in the travel and hospitality sector, delivering technology infrastructure that enables distribution and connectivity across the travel ecosystem.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.
