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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). 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. Shares of Rategain Travel Technologies closed 6.14 per cent higher at Rs 304.20 apiece on the NSE.
Newly launched Akasa Air has partnered with RateGain Travel Technologies for gathering real-time air travel information that will help the airline in deciding dynamic fares. In a release on Friday, RateGain said its AI-powered platform AirGain provides the airline's revenue and pricing teams with the most accurate and reliable market insights to build a competitive pricing strategy. It allows the airline access to act upon changing market dynamics and optimise airfares in real-time to provide the best fares to the customers, the release said. "As Akasa grows, our product AirGain will help in maximizing revenues by providing accurate and real-time competitive intelligence," Bhanu Chopra, Chairman and Managing Director of RateGain, said. According to the release, it provides the user with real-time competitor insights across channels to reduce disparity and revenue losses. "AirGain's nimble solution delivering real-time air travel information across channels will help us achieve a .