Ixigo Approves €15.3 Million Investment in Singapore Subsidiary and ESOP Share Allotment
Le Travenues Technology Limited approved a €15.3 million investment in Singapore subsidiary IXIGO PTE. LTD. for European expansion and allotted 112,220 equity shares under ESOP schemes. The investment supports international growth through the subsidiary incorporated in December 2025, while the share allotment increased paid-up capital to ₹438,183,527 and generated ₹467,088.50 in proceeds.

*this image is generated using AI for illustrative purposes only.
Le Travenues Technology (Ixigo) has announced two major corporate developments following its board meeting held on February 13, 2026. The travel technology company approved a substantial investment in its Singapore subsidiary and completed an employee stock option plan (ESOP) share allotment.
Major Investment in Singapore Subsidiary
The board approved a further investment of Indian Rupees equivalent to €15,300,000 (Fifteen Million Three Hundred Thousand Euros) in IXIGO PTE. LTD., its wholly owned Singapore subsidiary. This investment will support the company's European expansion plans and strengthen business synergies.
| Parameter: | Details |
|---|---|
| Investment Amount: | €15,300,000 |
| Target Entity: | IXIGO PTE. LTD. (Singapore) |
| Investment Purpose: | European business expansion |
| Completion Timeline: | On or before March 31, 2026 |
| Shareholding: | 100% (maintained) |
IXIGO PTE. LTD. was incorporated on December 18, 2025, with a paid-up capital of SGD 50,000 and operates in the Travel Technology and Strategic Investment Management sector. The subsidiary was established to lead investment and strategic management initiatives with a focus on supporting the group's international expansion.
ESOP Share Allotment Details
The company allotted 112,220 fully paid-up equity shares with a face value of ₹1 each under three employee stock option schemes. This allotment increased the company's paid-up share capital significantly.
| Metric: | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Share Capital: | ₹438,071,307 | ₹438,183,527 |
| Total Shares Outstanding: | 438,071,307 | 438,183,527 |
| Money Realized: | - | ₹467,088.50 |
The share allotment involved three different ESOP schemes with varying exercise prices:
| Scheme: | Exercise Price (₹) | Shares Allotted |
|---|---|---|
| ESOS 2016: | 1.25 | 60,105 |
| ESOS 2021: | 1.25 | 48,553 |
| ESOS 2024: | 93.00 | 3,562 |
Remaining Vested Options
After the current allotment, substantial vested options remain available under the company's employee stock option schemes:
| Scheme: | Remaining Vested Options |
|---|---|
| ESOS 2016: | 169,341 |
| ESOS 2021: | 2,086,381 |
| ESOS 2024: | 326,266 |
Regulatory Compliance and Timeline
The company will comply with applicable Indian laws, including the Companies Act, 2013, and the Foreign Exchange Management Act, along with Reserve Bank of India regulations for the Singapore investment. The trading window for designated persons will reopen on February 16, 2026.
The board meeting was conducted from 06:45 P.M. to 07:47 P.M. (IST) on February 13, 2026, with all decisions made in compliance with SEBI listing regulations. The newly allotted shares will rank pari passu with existing equity shares and carry identical rights.
Historical Stock Returns for Le Travenues Technology (IXIGO)
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -7.13% | -5.14% | -7.63% | -21.95% | +35.84% | +6.46% |


































