Le Travenues Technology

Travel platform ixigo on Friday said it will raise Rs 1,296 crore from global technology investor and operator Prosus through a preferential issue of equity shares. In a regulatory filing, ixigo (Le Travenues Technology Ltd) said it is offloading a 10.1 per cent stake to Prosus (MIH Investments One B V) for Rs 1,295.56 crore (USD 146 million). The board of directors of ixigo have approved the issuance of 4,62,70,092 equity shares for Rs 1,295.56 crore, representing 10.10 per cent of the post-issue paid-up equity share capital by way of preferential issue on private placement basis to MIH Investments One B.V, the filing said. Prosus will invest Rs 1,295.56 crore (USD 146 million) for a 10.1 per cent stake in ixigo on a fully-diluted basis, corresponding to a share price of Rs 280 per share, a slight premium over the 10-day VWAP (Volume Weighted Average Price) of ixigo as on the relevant date for the transaction, the filing said. ixigo intends to utilise the proceeds for organic and

The stock price of Ixigo hit a new high at ₹316.80 on Thursday, and has more-than-doubled or zoomed 167 per cent from its 52-week low of ₹118.65 touched on April 7, 2025.

ixigo share price rose after the company posted a healthy set of numbers in the June quarter of financial year 2026 (Q1FY26) results.

ixigo's revenue from operation increased 72 per cent to ₹284 crore as compared to ₹165 crore a year ago.

Technical chart suggests that Coromandel International could face some downward pressure in the near-term; while GMR Airport, Authum Investment and Le Travenues look good for near-term gains.

The revenue from operations grew 42 per cent year-on-year to Rs 241.8 crore for the third quarter compared to Rs 170.5 crore in the year-ago period

The uptick in the share price came on the back of strong June quarter (Q1FY25) results.

ixigo share price: Analysts caution against chasing the momentum in the online travel agencies, given the cyclical nature of the travel industry

The stellar debut follows nearly 100x demand for shares of Ixigo during its Rs 740-crore initial public offering (IPO) that concluded last week

Nomura Funds Ireland Public Limited Company purchased 4.55 million shares, while The Nomura Trust And Banking Co. Ltd as the Trustee Of Nomura Indian Stock Mother Fund bought 2.15 million shares