MIH Investments One B.V. Raises Stake in Ixigo to 15.36% via Preferential Allotment

MIH Investments One B.V., part of the Prosus group, has acquired 4,62,70,092 equity shares of Le Travenues Technology Limited, which operates under the brand name Ixigo, through preferential allotment on November 12, 2025. This acquisition increased MIH Investments' shareholding from 4.76% to 15.36%, representing a 223% increase in stake. 

Details of Share Acquisition of MIH Investments 

MIH Investments One B.V. held 2,08,05,839 shares carrying voting rights before the acquisition, representing 4.76% of Ixigo's total share capital and 4.55% of the total diluted share capital.  

Through the preferential allotment, the company acquired 4,62,70,092 additional shares, which constituted 10.6% of the total share capital and 10.12% of the total diluted share capital. Following this transaction, MIH Investments' total holding stands at 6,70,75,931 shares, representing 15.36% of the total share capital and 14.67% of the total diluted share capital. 

Equity Share Capital Changes 

Ixigo's equity share capital increased from 39,04,03,607 equity shares to 43,66,73,699 equity shares, each with a face value of ₹1. The total diluted share capital of the company after the preferential allotment stands at 45,70,87,683 shares, calculated as per the shareholding pattern disclosed on November 12, 2025.  

The allotment was executed on November 12, 2025, and the disclosure was filed with BSE Limited and National Stock Exchange of India Limited on November 14, 2025. 

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Acquirer Profile and Regulatory Disclosure 

MIH Investments One B.V., registered at Gustav Mahlerplein 5, Symphony Offices, 1082 MS Amsterdam, The Netherlands, does not belong to the promoter or promoter group of Ixigo. The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.  

The company's shares are listed on the National Stock Exchange of India Limited and BSE Limited under the scrip code 544192 and scrip name IXIGO. 

Mode of Acquisition 

The entire acquisition of 4,62,70,092 shares was executed through preferential allotment, with no shares acquired through open market purchases, rights issue, or inter-se transfers. MIH Investments One B.V. had no encumbered shares, voting rights otherwise than by shares, or warrants or convertible securities before or after the acquisition.  

The disclosure was authorised and signed by Kristel Tijsterman, Director of MIH Investments One B.V., on November 14, 2025. 

Ixigo Share Price Performance 

On November 17, 2025, Le Travenues Technology share price opened at ₹277.10 on NSE, near the previous close of ₹277.10. During the day, it surged to ₹278.80 and dipped to ₹270.90. The stock is trading at ₹272.65 as of 1:02 PM. The stock registered a moderate decline of 1.61%. 

 Over the past week, it has declined by 1.14%, over the past month, it has declined by 17.70%, and over the past 3 months, it has declined by 1.09%. 

Conclusion 

MIH Investments One B.V. acquired 4,62,70,092 shares of Ixigo through preferential allotment on November 12, 2025, increasing its shareholding from 4.76% to 15.36%. The company's equity share capital expanded from 39,04,03,607 shares to 43,66,73,699 shares post-allotment. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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