RateGain Travel Technologies Reports Significant Prepayment of Loan by Subsidiary
RateGain Travel Technologies Limited has reported a further prepayment made by its wholly owned subsidiary, RateGain UK, towards its syndicated loan facilities. The payment was completed on August 05, 2026.The company confirmed that RateGain UK prepaid an amount of USD 9,750,000, along with the applicable loan installment of USD 6,250,000, to the bankers on the date. This payment was made against the total credit facilities extended by the lenders, which stand at USD 125,000,000.
The prepayment follows a previous intimation regarding payments received by RateGain UK earlier in February 2026.
Following this latest repayment, the outstanding loan debt stands reduced to USD 77,500,000. The Company also noted that its corporate guarantee provided for these facilities shall be reduced to reflect the extent of this prepayment, as stipulated in the Facility Agreement.
RATEGAIN Stock Price Movement
Today, Rategain Travel Technologies Limited shares edged higher to settle at ₹978.4 after closing for the day, registering a gain of 0.44%. The equity saw notable activity during trading sessions, with 234,101 shares transacting.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.