Tech
Elevation Capital sells Ixigo shares worth Rs 97.4 crore; Schroder buys stake
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Elevation Capital (formerly Saif Partners India) has sold 53.9 lakh shares in Le Travenues Technology, the parent company of online travel aggregator Ixigo, for Rs 97.4 crore. The fund has made a 25x return in this sale.
According to disclosures filed with the BSE, Elevation sold the shares at Rs 180 each on Thursday. At the same time, global investor Schroder International Selection Fund has acquired 53.6 lakh shares in the company worth Rs 96.9 crore.
This comes right after Elevation Capital sold 21.5 lakh shares in Ixigo last month for Rs 38.27…
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