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Le Travenues Technology Limited, the parent company of travel tech platform ixigo, has announced that its board has approved a primary investment from Prosus (MIH Investments One B.V.) through a preferential issue of equity shares.
Prosus will invest Rs 1,295.56 crore (approximately $146 million) for a 10.1% stake in ixigo on a fully diluted basis. The investment corresponds to a share price of Rs 280 per share, slightly higher than the 10-day volume-weighted average price.
ixigo, which listed on the stock exchange in June 2024 at Rs 93 per share,…
