[Le Travenues Technology](le travenues technology) Limited has acquired a 54.66% stake in Brevistay Hospitality Private Limited for a total consideration of ₹65.69 crore, strengthening its position in the online hotel booking market. The transaction, approved by the board on June 05, 2026, involves a combination of secondary and primary share purchases and will make Brevistay a subsidiary of the company. This strategic move is designed to accelerate Le Travenues Technology's hotel supply expansion by combining Brevistay's direct hotel relationships and contracting expertise with its own AI-powered technology platform and large travel user base.

Following the acquisition, the combined hotel network will comprise over 10,000 directly contracted hotels across India. This integration aims to serve a wider range of traveller needs, including transit, business, and leisure stays, while providing hotel partners with access to incremental demand and technology-led growth opportunities. The company has also secured the right to purchase the remaining stake in Brevistay in the future, subject to the fulfilment of certain conditions.

Strategic Synergies and Rationale

The acquisition aligns with Le Travenues Technology's strategy to focus on direct supply acquisition and enhance customer experience in the hotels business. Brevistay, founded in 2016, is a leading flexible-stay hotel booking platform that has grown at a revenue CAGR of over 50% in recent years while achieving profitability without institutional capital. The company brings expertise in flexible-stay inventory, deep understanding of hospitality market preferences, and strong relationships with hotel partners across Tier 1, Tier 2, and Tier 3 markets.

Key synergies expected from the transaction include accelerating growth in hotel inventory, expanding accommodation choices across various travel use cases, and unlocking cross-sell opportunities across Le Travenues Technology's rail, flight, bus, and hotel users. The company believes that leveraging its technology and AI capabilities will improve discovery, conversion, and customer experience for these properties.

Financial Overview of Brevistay

The following table summarizes the financial turnover for Brevistay Hospitality Private Limited for the financial years 2024 through 2026:

Unaudited figures.

Transaction Details

The acquisition is subject to the completion of conditions precedent and the authorization of definitive agreements. Le Travenues Technology stated that the transaction does not fall within the purview of related party transactions and no governmental or regulatory approvals are required. The funding for the acquisition will be through cash consideration. The Brevistay founding team, including Prateek, Shubham, and Nikhil, will continue with the company post-acquisition to help achieve the objectives in the hotel vertical.

Schroder Investment Management (Singapore) Ltd has reduced its shareholding in Le Travenues Technology (Ixigo) by 0.083% via an open market transaction executed on May 29, 2026. The divestment involved the sale of 362,312 equity shares, resulting in the acquirer's stake decreasing from 3.129% to 3.046% of the total paid-up share capital of the target company.

The transaction was disclosed to the stock exchanges on June 2, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted by Vivian Leung, Head of Compliance at Schroder Investment Management (Hong Kong) Limited, on behalf of the Schroders Group entities.

Shareholding Details

The disclosure outlines the movement in shareholding following the acquisition of shares on the specified date. The acquirer, classified as a non-promoter entity, acted as a discretionary fund manager for funds and segregated mandates. Schroders PLC was identified as a Person Acting in Concert (PAC) in the capacity of a discretionary fund manager.

The total equity share capital and total voting capital of Le Travenues Technology Limited remained unchanged at 438,669,111 shares before and after the transaction.

Breakdown of Shareholding Change

The shares of Le Travenues Technology Limited are listed on the National Stock Exchange of India Ltd and The Bombay Stock Exchange Limited.