New Delhi, Oct 6 (PTI) Wagner Ltd on Thursday divested 5.28 per cent stake in travel technology company Rategain Travel Technologies for Rs 167 crore through an open market transaction.

Wagner Ltd, an affiliate of equity firm TA Associates, sold 57,04,830 shares at an average price of Rs 292.82 apiece, taking the transaction value to Rs 167.04 crore, as per bulk deal data available with the National Stock Exchange (NSE).

Also Read | Punjab: 2,500 Posts in Police Department To Be Filled Up Soon, Exams Later This Month, Says CM Bhagwant Mann.

As of June 2022, Wagner Ltd owned 5.28 per cent stake in the company, a shareholding data showed with the bourse.

Meanwhile, Nippon India Mutual Fund picked 50 lakh shares of the company, while other buyers could not be identified.

Also Read | Online Retail Platforms in India Clock Rs 4,000 Crore Worth Festive Sales Between September 22 to 30; 56,000 Mobiles Sold Every Hour: Report.

Shares of Rategain Travel Technologies closed 6.14 per cent higher at Rs 304.20 apiece on the NSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)