Schroder Investment Management reduces stake in Le Travenues Technology
Schroder Investment Management (Singapore) Ltd reduced its stake in Le Travenues Technology Limited by 0.083% through the sale of 362,312 shares on May 29, 2026. Post-transaction, the entity holds 3.046% of the company's total equity share capital. The disclosure was made to the exchanges under SEBI Takeover Regulations.
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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
| Description | Number of Shares | % of Total Share Capital | % of Total Diluted Share Capital |
|---|---|---|---|
| Holding Before Sale | |||
| Total shares held | 13,725,255 | 3.129% | 3.129% |
| Transaction Details | |||
| Shares sold | -362,312 | -0.083% | -0.083% |
| Holding After Sale | |||
| Total shares held | 13,362,943 | 3.046% | 3.046% |
The shares of Le Travenues Technology Limited are listed on the National Stock Exchange of India Ltd and The Bombay Stock Exchange Limited.
Historical Stock Returns for Le Travenues Technology (IXIGO)
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.30% | -7.01% | -9.03% | -39.75% | -13.00% | -17.28% |
Does this reduction signal a shift in Schroders' long-term investment strategy for the Indian travel sector?
How might this divestment impact Ixigo's stock price and investor sentiment in the short term?
Are there expectations of further shareholding reductions by Schroders in the upcoming quarters?
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