Elevation Partners offloads 21.5 lakh shares in Ixigo parent for Rs 38.3 crore

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Elevation Capital (formerly Saif Partners India) has sold 21.5 lakh shares in Le Travenues Technology, the parent company of 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,…



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Elevation Partners offloads 21.5 lakh shares in Ixigo parent for Rs 38.3 crore


Elevation Capital (formerly Saif Partners India) has sold 21.5 lakh shares in Le Travenues Technology, the parent company of 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,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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