Prosus raises Ixigo stake by 5% via secondary transaction

MIH Investments One B.V., a Prosus company, has increased its stake to 15%  in Le Travenues Technology Limited, the parent of travel platform Ixigo.

According to a disclosure by Prosus, it acquired the stake through an off-market transaction. Entrackr has a copy of the disclosure.

As per sources, Prosus has purchased 5.06% of fully diluted stake from Peak XV (3.16%) and Elevation (1.9%).

Peak XV declined to comment on the story while queries sent to Elevation, Ixigo and Prosus did not elicit response until publication of the story.

The development comes…