Elevation Capital sells Rs 226 crore worth shares in Ixigo parent Le Travenues Technology

Elevation Capital (formerly Saif Partners India) has sold 1.01 crore shares in Le Travenues Technology, the parent company of online travel aggregator Ixigo, the company said in a filing. At Tuesday’s closing price, the transaction was worth Rs 226 crore.

Global investor Schroder International Selection Fund is said to have acquired these shares, with the fund now having around a 5% stake in the company, as per sources. Earlier it had acquired 53.6 lakh shares in the company worth Rs 96.9 crore.

The venture firm has been reducing its shareholding in…