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RateGain Grants Over 1.9 Million SARs to Subsidiary Employees

Story Highlights
  • RateGain announced the grant of 1,902,014 SARs under its SAR Scheme 2022 for eligible employees of Sojern Inc.
  • The SARs, vesting over three years and priced at Rs. 700 each, aim to strengthen talent retention and industry positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
RateGain Grants Over 1.9 Million SARs to Subsidiary Employees

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The latest announcement is out from RateGain Travel Technologies Ltd. ( (IN:RATEGAIN) ).

RateGain Travel Technologies Ltd. has announced the grant of 1,902,014 Stock Appreciation Rights (SARs) under its SAR Scheme 2022 to eligible employees of its wholly-owned subsidiary, Sojern Inc. The granted SARs, priced at Rs. 700 per unit, will vest over three years with a gradual schedule and can be exercised within three years of vesting. This initiative aligns with the company’s strategy to incentivize and retain talent across its entities, reinforcing its industry-leading position.

More about RateGain Travel Technologies Ltd.

RateGain Travel Technologies Ltd. operates in the travel and hospitality technology industry, offering SaaS solutions to businesses. The company’s services focus on revenue management, distribution, business insights, and operational efficiency for clients operating in the travel, hospitality, and related sectors.

Average Trading Volume: 44,630

Technical Sentiment Signal: Buy

Current Market Cap: 78.26B INR

Find detailed analytics on RATEGAIN stock on TipRanks’ Stock Analysis page.

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