Le Travenues Technology Shares Fell ~4%: Acquisition of 16% Stake by Unnamed Investor

On October 8, 2025, Le Travenues Technology shares (Ixigo share price) fell ~4%, reaching a day low of 295.10 at 1:15 PM after opening at 311.30 on BSE. The fall in Ixigo share price follows the release of a statement by the company about the acquisition of a 16% stake.

Le Travenues Technology said in an exchange filing, “We wish to inform you that we propose to acquire, either by ourselves or through our affiliates, certain shares in Le Travenues Technology Limited (the “Company”) by way of secondary acquisitions. As of the date hereof, no definitive agreements or binding arrangements for such proposed acquisitions have been executed by us.

Our aggregate shareholding, including that of our affiliates, pursuant to the proposed fundraise by the Company and the aforementioned secondary acquisitions, will not exceed 16% shareholding in the Company.”

Details of the Proposed Acquisition

According to the investor’s statement quoted in the filing, the acquisition would combine primary and secondary purchases. The total shareholding, including shares held by affiliates, will not exceed 16% following the company’s planned fundraise and secondary acquisitions.

This development comes amid heightened investor enthusiasm following Ixigo’s successful initial public offering (IPO) in June 2024. The company’s stock made a strong debut on the exchanges, and recently, global asset manager Schroder Investment Management increased its stake in the firm, signaling continued confidence.

Also Read: Vedanta Shares in Focus Ahead of Key NCLT Hearing on Demerger Plan

Strong Financial Performance in Q1 FY26

Ixigo reported robust financial growth for the first quarter of FY26. Revenue from operations jumped 72.5% year-over-year to Rs 314 crore, compared to Rs 182 crore in the same quarter last year. Net profit also rose 27%, reaching Rs 19 crore from Rs 15 crore in Q1 FY25.

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