Elevation bags 31.6X return in latest Rs 226 Cr Ixigo stake sale; Schroder ups holding to 5.17%

Elevation Capital has offloaded shares worth over Rs 226 crore in Ixigo’s parent, Le Travenues Technology, through a bulk deal, according to the stock exchange filing reviewed by Entrackr. 

The venture capital firm sold around 1.01 crore shares at an average price of Rs 226 per share. As per Entrackr’s analysis, Elevation Capital has earned a return of approximately 31.6X on this transaction.

Before the transaction, Elevation…