Le Travenues Technology (IXIGO) has announced the incorporation of a wholly owned subsidiary in Singapore, marking a significant step in its international expansion strategy. The company incorporated IXIGO PTE. LTD. on December 18, 2025, with an investment of SGD 50,000 to lead international expansion and strategic initiatives.

Subsidiary Details and Investment Structure

The new subsidiary has been established with specific financial parameters and operational focus:

Strategic Focus and Business Objectives

IXIGO PTE. LTD. will operate in the travel technology and strategic investment management sector. The subsidiary has been established to lead investment and strategic management initiatives, with particular emphasis on fostering the group's international expansion and strengthening business synergies across key markets.

Regulatory Compliance and Approvals

The incorporation follows proper regulatory procedures, with Singapore's Accounting and Corporate Regulatory Authority approving the establishment and issuing the Certificate of Incorporation. This development was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Investment Details

The subsidiary establishment involved a cash consideration of Indian Rupees equivalent to SGD 50,000. This investment structure provides Le Travenues Technology with complete control over the Singapore entity, positioning the company for strategic operations in the Southeast Asian market.

The incorporation represents Le Travenues Technology's commitment to expanding its international presence and leveraging Singapore's strategic location for regional growth initiatives in the travel technology sector.

Le Travenues Technology (IXIGO) , the parent company of travel platform ixigo, has announced a significant employee stock option grant aimed at retaining talent and aligning employee interests with long-term company growth.

Stock Option Grant Details

The company's Nomination and Remuneration Committee has approved the grant of 508,613 stock options under four employee stock option schemes (ESOS). Here's a breakdown of the grant:

The exercise price for all options has been set at Rs. 93.00 per option. Upon vesting, employees will have a five-year window to exercise their options.

Objectives of the ESOS

Le Travenues Technology has outlined several key objectives for its employee stock option schemes:

1. Motivate and retain talented employees
2. Attract appropriate human talent
3. Align employee interests with long-term company goals
4. Create a sense of ownership and participation among employees
5. Provide additional deferred rewards to employees

Impact on Share Capital

Following this grant, the company's equity share capital has increased from 390,403,607 shares to 436,673,699 shares, all with a face value of INR 1.00 each. The total diluted share capital after this grant stands at 457,087,683 shares.

Recent Investor Activities

In a separate development, MIH Investments One B.V., a non-promoter entity, has increased its stake in Le Travenues Technology. Through a preferential allotment, MIH Investments acquired an additional 46,270,092 shares, bringing its total holding to 67,075,931 shares, or 15.36% of the company's voting rights.

This stock option grant and the recent investment highlight Le Travenues Technology's focus on employee retention and its ability to attract significant investor interest. As the company continues to grow in the competitive travel technology sector, these moves may play a crucial role in maintaining its market position and driving future growth.