Rategain Travel Technologies Limited — Others, 11-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

RateGain Travel Technologies has provided a Statement of Deviation for funds raised through its Qualified Institutional Placement (QIP), which garnered ₹5862.91 million net of expenses. The report confirms that there were no deviations in the utilization of funds for the quarter ended September 30, 2024, as reviewed by the Audit Committee. The funds continue to be allocated for strategic investments and acquisitions. This transparency may bolster investor confidence, indicating a stable approach to capital management without unexpected changes, which could be viewed positively in the current market context.