Bhanu Chopra files substantial acquisition disclosure in Rategain Travel Technologies under SEBI Takeover Code

M&A / JV 30 Jun 2026 · Announced· ✓ Verified

Bhanu Chopra filed disclosure with NSE under Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure is triggered when a person acquires shares or voting rights in a listed company that cross the 5% threshold or add 2% or more in any financial year, or when a person holding 5% or more acquires additional shares. Rategain Travel Technologies is a Delhi-based SaaS platform specialising in hotel and travel technology solutions. The filing does not disclose the transaction value or exact stake size in the public excerpt, but establishes a regulatory touchpoint for mandatory open offer assessment.

Why it mattersDisclosure timing and threshold-crossing mechanics under Reg 31 establish the acquirer's intent to trigger either creeping acquisition safe harbour (if <5% over 6 months) or mandatory open offer (if 25%+ in aggregate); counsel must confirm size of stake and prior holdings to advise open offer architecture.
Counsel—
SectorTechnology
[object Object][object Object][object Object][object Object][object Object][object Object][object Object][object Object]

Sources

Open in the live tracker →

Related deals