[Le Travenues Technology](le travenues technology) Limited has approved the acquisition of a 54.66% stake in Brevistay Hospitality Private Limited for a total consideration of ₹65.69 crore, including a non-compete fee. 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. The acquisition aims to strengthen the online hotel booking business, with completion targeted on or before July 31, 2026. Additionally, the company has secured the right to purchase the remaining stake in Brevistay in the future subject to the fulfilment of certain conditions.

In addition to the Brevistay acquisition, the board approved an investment of ₹7.50 crore in Ofintelligence Technologies Private Limited (Proactai) for a 10.34% stake. The company will subscribe to 2,394 Compulsorily Convertible Preference Shares (CCPS) to facilitate this investment, which is intended to enhance AI capabilities and accelerate research and development. This investment is expected to be completed on or before July 05, 2026.

The company further approved a subscription to 450,000 0.01% Fully Convertible Debentures (FCDs) in Forgeurai Systems Private Limited (Vestra.AI) for a total consideration of ₹4.50 crore. The FCDs carry a face value of ₹100 each. This strategic move is designed to harness AI capabilities for autonomous AI agent orchestration and workflow automation, with the investment also scheduled for completion by July 05, 2026.

Financial Overview of Target Entities

The following table summarizes the financial turnover for the financial years 2024 through 2026 for the entities in which investments were approved:

*Unaudited figures.

Transaction Details

All three transactions are subject to the completion of conditions precedent and the authorization of definitive agreements. The company confirmed that none of these acquisitions fall within the purview of related party transactions. Le Travenues Technology stated it is professionally managed and does not have any identifiable promoter or promoter group under relevant SEBI regulations. No governmental or regulatory approvals are required for these transactions, which will be funded through cash consideration.

The trading window for designated persons and their immediate relatives will reopen effective June 08, 2026. The board meeting commenced at 06:30 P.M. IST and concluded at 07:25 P.M. IST.

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.