Peak XV Partners Reduces Stake in Le Travenues Technology

Le Travenues Technology (IXIGO) , a prominent player in the Indian travel technology sector, has seen a significant change in its ownership structure as Peak XV Partners Investments V reduced its stake through a substantial off-market transaction.

Transaction Details

On October 10, 2025, Peak XV Partners Investments V executed an off-market sale of 13 million equity shares of Le Travenues Technology Limited. This transaction has resulted in a notable change in Peak XV's ownership position within the company.

Aspect	Before Sale	After Sale
Shares Held	39,186,752	26,186,752
Stake Percentage	10.04%	6.71%
Voting Rights	9.54%	6.38%

The shares were sold at a face value of Re.1 each, representing 3.33% of Le Travenues Technology's total voting capital.

Impact on Ownership Structure

This sale marks a significant reduction in Peak XV's ownership, moving from a 10.04% stake to 6.71% of the total share capital. It's important to note that Peak XV Partners Investments V is not part of the promoter group of Le Travenues Technology.

Company Overview

Le Travenues Technology operates under the brand name ixigo, a popular travel platform. The company's shares are traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

Capital Structure

Despite this large transaction, the total equity share capital of Le Travenues Technology remains unchanged at 390,291,963 shares. This suggests that the sale has not triggered any changes in the company's overall capital structure.

Market Implications

Such significant changes in ownership by major shareholders often attract investor attention. Market participants may closely monitor any potential impacts on the company's strategic direction or governance in the wake of this ownership shift.

Investors and market analysts will likely keep a close eye on any further developments or disclosures from either Peak XV Partners or Le Travenues Technology in the coming days.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.43%	+10.94%	+12.85%	+126.57%	+101.01%	+76.97%

Le Travenues Technology (IXIGO) , the parent company of travel platform IXIGO, has seen a significant reduction in shareholding by SAIF Partners India IV Limited, a Mauritius-based investment firm. The transaction, which took place on October 10, 2025, involved SAIF Partners selling 14,275,095 shares, reducing its stake from 5.76% to 2.49%.

Transaction Details

The sale was executed through a combination of open market and off-market transactions:

Mode of Sale	Number of Shares	Percentage of Total Shares
Open Market	6,469,256	1.48%
Off Market	7,805,839	1.79%
Total	14,275,095	3.27%

Impact on Shareholding

Aspect	Before Sale	After Sale
SAIF Partners' Shareholding	5.76%	2.49%
Shares Held by SAIF Partners	25,166,256	10,891,161

Key Points

SAIF Partners India IV Limited is not part of Le Travenues Technology's promoter group.
The transaction does not affect the company's total equity share capital, which remains at Rs. 436,673,699, comprising 436,673,699 equity shares with a face value of Rs. 1 each.
Le Travenues Technology's shares continue to be listed on both the National Stock Exchange of India (NSE) and BSE Limited (BSE).

This significant reduction in SAIF Partners' stake could potentially impact the stock's trading dynamics and investor sentiment. However, it's important to note that such transactions by institutional investors are not uncommon and can be part of their portfolio management strategies.