India, Nov. 18 -- Travel-focussed SaaS company RateGain's founder, CEO and MD Bhanu Chopra has increased his stake in the company by acquiring 1.43 Lakh equity shares of the company via open market transactions.

Chopra's stake in the company increased to 37.79% following the transaction on November 14 from 37.67% earlier.

RateGain's promoters and promoter group, which includes Bhanu Chopra, Usha Chopra and Megha Chopra, cumulatively held 48.16% stake in the company at the end of September quarter.

In March 2024, Megha and Usha together divested shares equivalent to 3% stake out of the total holding of 51.25% of the promoters and the promoter group. The divestment led to selling pressure in the company's shares, with Bhanu having to rei...