Tech
Elevation Partners offloads 21.5 lakh shares in Ixigo parent for Rs 38.3 crore
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Elevation Capital (formerly Saif Partners India) has sold 21.5 lakh shares in Le Travenues Technology, the parent company of online travel aggregator Ixigo, for Rs 38.27 crore (around $4.5 million).
According to disclosures filed with the BSE on Monday, Elevation sold 21.5 lakh shares at Rs 178 each. It continues to hold a 13% stake in the company.
Elevation Capital had invested Rs 63.1 crore in Ixigo through various tranches. As of the quarter ending March 31, Elevation had around a 14% stake in the company, holding 5.46 crore shares.
Prior to this,…
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