Other Deals - Listed Firms
South Africa’s Coronation Fund Managers ups stake in travel portal Ixigo’s parent to 7%
South Africa-based Coronation Fund Managers has increased its stake in Le Travenues Technology, the parent of Gurugram-based travel platform Ixigo , through an open market transaction, acquiring 4.75 lakh equity shares. Following this transaction, Coronation Fund Managers' holding in Le Travenues rose from 6.90%, comprising 3.02 crore shares, to 7.01%, totalling 3.07 crore shares.Coronation had previously raised its stake to about 5% in February 2026.Founded in 2006, Ixigo helps travellers to plan, book and manage their trips across rail, air, bus transport, as well as book rooms in hotels.For the third quarter of fiscal year 2026, ixigo reported revenue from operations of INR 317 crore and a net profit of INR 24 crore.
Between Feb 2008 and Oct 2025, Ixigo had attracted about USD 347 M from BAF Spectrum, Elevation Capital, Micromax, Peak XV Partners, Fosun Group, Trifecta Capital, Bay Capital Investments, GIC, Info Edge, Malabar Investments, White Oak Capital Management, Madison Capital, Steadview Capital, Analah Ventures, Prosus Ventures and others.
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