ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/elevation-capital” target=”_blank”>Elevation Capital (formerly Saif Partners India) has sold 21.5 lakh shares in rel=”dofollow” href=”https://economictimes.indiatimes.com/le-travenues-technology-ltd/stocks/companyid-2151657.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Le Travenues Technology, the parent company of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/online-travel-aggregator” target=”_blank”>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,…
