Le Travenues Technology (IXIGO) , the parent company of travel platform ixigo, has announced a significant move to bolster its financial position and drive future growth. The company's board has approved the issuance of 46,270,092 equity shares at ₹280 each, aiming to raise ₹1,295.56 crore through a preferential issue to MIH Investments One B.V., a subsidiary of Prosus.

Strategic Funding Allocation

The company has outlined a clear strategy for utilizing the funds raised:

Focus on AI and Technology

A significant portion of the funds will be directed towards organic growth initiatives, with a strong emphasis on artificial intelligence (AI) and technology. Le Travenues Technology plans to invest in:

1. New AI platforms, products, and services
2. Technology and cloud infrastructure
3. Product enhancement for its Hotels OTA business
4. Branding and marketing initiatives

The company aims to transform its user experience by creating AI-first, agentic platforms that offer multi-modal, conversational, and hyper-personalized services.

Expansion and Acquisitions

Le Travenues Technology is also keeping its options open for potential acquisitions and inorganic growth opportunities. The company has a track record of strategic acquisitions, such as ConfirmTkt and AbhiBus's bus business, which have strengthened its position in the trains and buses segments respectively.

Investor Insights

The preferential issue will be made to MIH Investments One B.V., a subsidiary of Prosus, a global technology investment company. Prosus, known for its long-term investment approach and expertise in e-commerce marketplaces, aligns well with ixigo's vision of building an AI-first customer experience for travelers.

Extraordinary General Meeting

The company has scheduled an Extraordinary General Meeting for November 1, 2025, to seek shareholder approval for the preferential issue and related matters.

This strategic move by Le Travenues Technology demonstrates its commitment to leveraging AI and technology to reshape the travel industry. As the company positions itself at the forefront of the AI revolution in travel, investors and industry observers will be keenly watching how this substantial capital infusion translates into market leadership and enhanced customer experiences in the coming years.

Le Travenues Technology (IXIGO) , the parent company of travel aggregator Ixigo, has announced impressive quarterly results while also revealing potential interest from an unnamed investor. The company has seen significant financial growth and market attention.

Strong Financial Performance

Le Travenues Technology reported robust financial results for the quarter:

The company maintains its projection of over 40% gross transaction value growth for the financial year 2026, indicating strong confidence in its future performance.

Potential Stake Acquisition

In a significant development, Le Travenues Technology disclosed that an unnamed investor is looking to acquire up to 16% stake through secondary acquisitions. As per the company's regulatory filing:

"We wish to inform you that we propose to acquire, either by ourselves or through our affiliates, certain shares in Le Travenues Technology Limited (the 'Company') by way of secondary acquisitions. As on the date hereof, no definitive agreements or binding arrangements for such proposed acquisitions have been executed by us."

The company emphasized that it is not a party to the proposed secondary acquisition and is unaware of the share price or amounts involved.

Market Response

Despite the positive news, Le Travenues Technology's shares closed 1.4% lower at ₹307.50. However, it's worth noting that the stock has gained 118% over the past six months, reflecting strong investor confidence in the company's growth trajectory.

Upcoming Board Meeting

Le Travenues Technology has scheduled a board meeting for October 10, 2025, to consider and evaluate a proposal for fund raising through various permissible modes, including qualified institutions placement and preferential issue. This meeting could potentially lead to significant corporate actions in the near future.

Trading Window Closure

In line with regulatory requirements, the company has announced that the trading window for dealing in its securities will remain closed for all designated persons and their immediate relatives until 48 hours after the declaration of the financial results for the quarter and half-year ended September 30, 2025.

As Le Travenues Technology continues to demonstrate strong financial performance and attract potential investors, market participants will be keenly watching for further developments in this dynamic travel tech company.