Prosus buys additional stake in Ixigo; Peak XV, Elevation sell shares

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Dutch investment firm Prosus has bought an additional 5.06% stake in Le Travenues Technology, the listed parent of online travel aggregator Ixigo. The shares were acquired from existing shareholders Elevation Capital (1.9%) and Peak XV Partners (3.16%) through off-market transactions, the investment firms said in regulatory filings.

This is in addition to the 10.1% stake that Ixigo last week said it would issue on a preferential basis to Prosus for about Rs 1,296 crore, or Rs 280 a share.

Peak XV Partners sold the 3.16% stake for roughly Rs 399 crore,…



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Prosus buys additional stake in Ixigo; Peak XV, Elevation sell shares



Dutch investment firm Prosus has bought an additional 5.06% stake in Le Travenues Technology, the listed parent of online travel aggregator Ixigo. The shares were acquired from existing shareholders Elevation Capital (1.9%) and Peak XV Partners (3.16%) through off-market transactions, the investment firms said in regulatory filings.

This is in addition to the 10.1% stake that Ixigo last week said it would issue on a preferential basis to Prosus for about Rs 1,296 crore, or Rs 280 a share.

Peak XV Partners sold the 3.16% stake for roughly Rs 399 crore,…



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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