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MIH Investments One B.V., a Prosus company, has increased its stake to 15% in Le Travenues Technology Limited, the parent of travel platform Ixigo.
According to a disclosure by Prosus, it acquired the stake through an off-market transaction. Entrackr has a copy of the disclosure.
As per sources, Prosus has purchased 5.06% of fully diluted stake from Peak XV (3.16%) and Elevation (1.9%).
Peak XV declined to comment on the story while queries sent to Elevation, Ixigo and Prosus did not elicit response until publication of the story.
The development comes…
