Elevation bags 31.6X return in latest Rs 226 Cr Ixigo stake sale; Schroder ups holding to 5.17%

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Elevation Capital has offloaded shares worth over Rs 226 crore in Ixigo’s parent, Le Travenues Technology, through a bulk deal, according to the stock exchange filing reviewed by Entrackr. 

The venture capital firm sold around 1.01 crore shares at an average price of Rs 226 per share. As per Entrackr’s analysis, Elevation Capital has earned a return of approximately 31.6X on this transaction.

Before the transaction, Elevation…



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Elevation bags 31.6X return in latest Rs 226 Cr Ixigo stake sale; Schroder ups holding to 5.17%


Elevation Capital has offloaded shares worth over Rs 226 crore in Ixigo’s parent, Le Travenues Technology, through a bulk deal, according to the stock exchange filing reviewed by Entrackr. 

The venture capital firm sold around 1.01 crore shares at an average price of Rs 226 per share. As per Entrackr’s analysis, Elevation Capital has earned a return of approximately 31.6X on this transaction.

Before the transaction, Elevation…



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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