Le Travenues Technology Limited has received a substantial acquisition disclosure from Coronation Fund Managers Limited under SEBI regulations. The fund manager increased its shareholding in the travel technology company through open market transactions on February 18, 2026.

Acquisition Overview

Coronation Fund Managers Limited, acting as discretionary fund manager for various funds and segregated accounts, acquired 183,322 shares of Le Travenues Technology Limited. The acquisition was conducted through open market transactions and resulted in the fund manager crossing the 5.00% threshold.

Company Capital Structure

Le Travenues Technology Limited maintains its equity share capital at 438,071,307 shares, with no changes reported following this acquisition. The total diluted share capital stands at 457,545,806 shares, accounting for potential conversion of outstanding convertible securities.

Fund Structure and Entities

The acquisition involves multiple funds and entities managed by Coronation Fund Managers Limited. The disclosure identifies several funds that are part of this shareholding structure, including Coronation Equity Fund, Coronation Global Emerging Markets Fund, TFL Trustee Company Limited for Tfl Pension Fund, and various other international and emerging market focused funds.

Regulatory Compliance

The disclosure was filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's shares are listed on both National Stock Exchange of India and BSE Limited. Coronation Fund Managers Limited is not classified as a promoter or part of the promoter group of Le Travenues Technology Limited, operating as an institutional investor managing diversified portfolios across emerging markets and global equity strategies.

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.

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.

The share allotment involved three different ESOP schemes with varying exercise prices:

Remaining Vested Options

After the current allotment, substantial vested options remain available under the company's employee stock option schemes:

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.