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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Elevation Capital sells Ixigo shares worth Rs 97.4 crore; Schroder buys stake


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…



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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