GIC Private Limited has filed a disclosure under SEBI regulations regarding the reduction of its shareholding in le travenues technology (ixigo) . The Singapore-based investment manager executed open market sales that reduced its total stake in the travel technology company.

Transaction Details

The disclosure reveals that GIC sold a total of 233,546 equity shares carrying voting rights on 10 April 2026. The transaction involved sales by different entities under GIC's management:

Shareholding Position Before and After Transaction

Prior to the sale, GIC's combined holdings across all managed entities totaled 44,739,779 equity shares, representing 10.210% of Le Travenues Technology's total share capital. Following the transaction, the total holding decreased to 44,506,233 equity shares, equivalent to 10.157% of the company's share capital.

Entity-wise Holdings Post Transaction

After the sale, the individual holdings of entities managed by GIC are distributed as follows:

• Government of Singapore: 3,210,438 equity shares (0.733%)
• Monetary Authority of Singapore: 4,745,395 equity shares (1.083%)
• Gamnat Pte Ltd: 36,550,400 equity shares (8.341%)

Regulatory Context

GIC Private Limited operates as an investment manager with authority to exercise voting rights for shares it manages on behalf of the Government of Singapore, Monetary Authority of Singapore, and Gamnat Pte Ltd. The company does not belong to the promoter or promoter group of Le Travenues Technology Ltd.

The disclosure was necessitated under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, as the cumulative sales since the last disclosure triggered the reporting threshold. Le Travenues Technology Ltd's shares are listed on both the National Stock Exchange of India Limited and BSE Limited.

The filing was signed by Wong Hui Ping and Lim Bee Peng, both Senior Vice Presidents of Global Investment Services at GIC, and was dated 14 April 2026 from Singapore.

Le Travenues Technology (Ixigo) has officially announced a strategic partnership with Swiggy to launch comprehensive on-train food delivery services across India's railway network. The collaboration between Ixigo Trains, Confirmtkt, and Swiggy introduces enhanced dining options for train passengers, addressing the growing demand for convenient food delivery during rail journeys.

Partnership Scope and Service Coverage

The on-train food delivery service operates across more than 160 railway stations throughout India, providing access to over 40,000 trusted restaurant partners. The partnership leverages Swiggy's extensive delivery network integrated with Ixigo's established railway booking platforms.

Enhanced Service Features and Customer Benefits

Train passengers can order fresh, hygienic meals with real-time tracking and direct berth delivery. The service offers up to 60% discounts on meals and includes a comprehensive guarantee system. Travelers can browse curated menus featuring popular national brands and local regional specialties along their routes.

The integrated platform allows passengers to select the 'Order Food on Train' option, enter their PNR number, select delivery stations, and track orders live. The service accommodates advance bookings from 4 days up to 30 minutes before train arrival at designated stations.

Executive Statements and Market Positioning

Sripad Vaidya, COO of Ixigo Trains & Confirmtkt, emphasized the company's focus on enhancing train travel experiences through improved food delivery options. The partnership combines Ixigo's understanding of train travel with Swiggy's restaurant network and delivery expertise.

Deepak Maloo, Vice President of Food Strategy at Swiggy, highlighted the significant market opportunity, noting that India's railways carry over 18 million long-distance reserved passengers daily. The collaboration brings Swiggy's trusted restaurant network directly to rail journeys across 160+ stations.

Consumer Trends and Service Innovation

Swiggy's consumer data reveals evolving dining preferences among train travelers, with Biryani remaining popular while regional specialties like Vada Pav, Adai, Appam, and Litti Chokha gain traction. Notably, 14% of orders are placed by non-travelers ensuring their family members receive fresh meals during journeys.