Ixigo-parent shares decline 5% as unnamed investor intends to buy up to 16% stake

Shares of Le Travenues Technology Ltd., the parent company of travel aggregator Ixigo, declined 5% on Wednesday, October 8, as it informed the stock exchanges that an investor is looking at purchasing stake in the company. The company has not disclosed the name of the concerned investor.The investor was looking at acquiring not more than 16% stake in Le Travenues Technology Ltd. either by itself or via its affiliates by way of secondary acquisitions. It said no definitive agreements or binding arrangements had been made, so far.

Here’s a list of investors that held over 5% stake in the company at the end of the June quarter:

Investor	Stake
Malabar India Fund Ltd.	5.21%
Saif Partners India IV Ltd.	9.04%
Gamnat Pte. Ltd.	9.36%
Peak XV Partners Investments V	10.04%
Rajnish Kumar	5.19%
Aloke Bajpai	4.85%

It must also be specified that investor may not necessarily be among those mentioned above, and can be someone other than the above-mentioned names as well.In July, Ixigo told CNBC-TV18, post its first quarter results, that it will stick to its earlier projection of over 40% gross transaction value growth for the financial year 2026.

Its revenue for the first quarter was up 73% to ₹314.4 crore from the previous year, while its earnings before interest, tax, depreciation and amortisation (EBITDA) increased 53.4% to ₹25.47 crore. It reported a 27.7% increase in its net profit at ₹18.9 crore.

Ixigo shares were down 5.02% at ₹295.1 apiece around 3pm on Wednesday. The stock has more than doubled in value over the last six months, growing by 109.3%.

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