ICICI Prudential MF Raises Stake In RateGain

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SUMMARY

ICICI Prudential Mutual Fund has purchased an additional 1.62 Lakh shares of enterprise tech unicorn RateGain through a secondary market transaction

With this acquisition, the fund house has raised its stake in RateGain to 5.06% from 4.92% earlier

RateGain posted a 40% YoY jump in its consolidated net profit to INR 56.54 Cr in Q3 FY25, while operating revenue rose 11% YoY to INR 278.70 Cr

ICICI Prudential Mutual Fund has purchased an additional 1.62 Lakh shares of enterprise tech unicorn Rategain through a secondary…



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ICICI Prudential MF Raises Stake In RateGain


SUMMARY

ICICI Prudential Mutual Fund has purchased an additional 1.62 Lakh shares of enterprise tech unicorn RateGain through a secondary market transaction

With this acquisition, the fund house has raised its stake in RateGain to 5.06% from 4.92% earlier

RateGain posted a 40% YoY jump in its consolidated net profit to INR 56.54 Cr in Q3 FY25, while operating revenue rose 11% YoY to INR 278.70 Cr

ICICI Prudential Mutual Fund has purchased an additional 1.62 Lakh shares of enterprise tech unicorn Rategain through a secondary…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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