Tech
Elevation Capital sells Rs 226 crore worth shares in Ixigo parent Le Travenues Technology
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Elevation Capital (formerly Saif Partners India) has sold 1.01 crore shares in Le Travenues Technology, the parent company of online travel aggregator Ixigo, the company said in a filing. At Tuesday’s closing price, the transaction was worth Rs 226 crore.
Global investor Schroder International Selection Fund is said to have acquired these shares, with the fund now having around a 5% stake in the company, as per sources. Earlier it had acquired 53.6 lakh shares in the company worth Rs 96.9 crore.
The venture firm has been reducing its shareholding in…
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