Coronation Fund Managers Raises Stake in Ixigo to Over 5%

Coronation Fund Managers Ltd, a South Africa-based asset manager listed on the Johannesburg Stock Exchange, has increased its shareholding in online travel platform Le Travenues Technology Limited (Ixigo), according to a regulatory filing.

The fund acquired 1,83,322 equity shares of Ixigo in the open market, pushing its stake above the 5% threshold.

Updated Shareholding Details

Before the transaction, Coronation held 2,18,52,552 shares, representing 4.99% of Ixigo’s equity capital. After the purchase, its stake increased to 2,20,35,874 shares, or 5.03%.

Recently, Prosus also raised its stake in Ixigo to approximately 15% via an off-market transaction. Prosus acquired a 3.16% fully diluted stake from Peak XV and 1.9% from Elevation, strengthening its position in the online travel aggregator.

Ixigo Expands Internationally

The share acquisitions follow Ixigo’s announcement of acquiring a 60% majority stake (with an option for the remaining shares) in Spain-based online train ticketing platform Trenes for around ₹125 crore. Trenes will operate as a step-down subsidiary of Ixigo, marking the company’s international expansion.

Ixigo’s Q3FY26 Financial Performance

Ixigo’s financial results highlight strong growth:

• Revenue from operations rose to ₹317.6 crore in Q3 FY26, up from ₹242 crore in Q3 FY25.
• Profit increased by 55%, reaching ₹24 crore in the same period.

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