New Delhi, VC firm Avtaar Venture Partners on Thursday exited Rategain Travel Technologies by selling its entire 1.8 per cent stake for Rs 160 crore through an open market transaction.
Avatar Venture Partners through its arm Avatar Holdings sold shares of SaaS solutions provider Rategain Travel Technologies on the National Stock Exchange (NSE).
According to block deal data available with NSE, Avtaar Holdings sold 21,56,960 shares, equivalent to 1.83 per cent stake in Rategain Travel Technologies.
The shares were settled at Rs 745 per share, taking the deal value to Rs 160.69 crore.
These shares were bought by Axis Mutual Fund (MF), ICICI Prudential MF, Tata MF, Morgan Stanley Asia Singapore and Societe Generale at the same price.
Shares of Rategain Travel Technologies closed 3.54 per cent higher at Rs 778.80 on the NSE.
In June last year, Avtaar Holdings had sold 5 per cent stake in Rategain Travel Technologies for Rs 206 crore.
Avatar Venture Partners through its arm Avatar Holdings sold shares of SaaS solutions provider Rategain Travel Technologies on the National Stock Exchange (NSE).
According to block deal data available with NSE, Avtaar Holdings sold 21,56,960 shares, equivalent to 1.83 per cent stake in Rategain Travel Technologies.
The shares were settled at Rs 745 per share, taking the deal value to Rs 160.69 crore.
These shares were bought by Axis Mutual Fund (MF), ICICI Prudential MF, Tata MF, Morgan Stanley Asia Singapore and Societe Generale at the same price.
Shares of Rategain Travel Technologies closed 3.54 per cent higher at Rs 778.80 on the NSE.
In June last year, Avtaar Holdings had sold 5 per cent stake in Rategain Travel Technologies for Rs 206 crore.
