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:

Impact on Shareholding

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.

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.