Le Travenues Technology Ltd, the parent company of travel tech platform Ixigo, has received shareholder approval to raise ₹1,295.56 crore through a preferential share issue to MIH Investments One B.V. The resolution was cleared at the company’s Extraordinary General Meeting held on November 1, 2025, the company informed the stock exchanges.
Under the approved plan, Ixigo will issue 4.63 crore equity shares at ₹280 per share (face value ₹1 + premium of ₹279). Post-issuance, MIH Investments One B.V.’s stake will rise to 14.64% on a fully diluted basis, up from 5.05%.
The funds are expected to support Ixigo’s long-term strategic initiatives, including technology investments, growth initiatives, and strengthening its balance sheet amid increasing competition and expansion in India’s online travel booking market.
The company also approved amendments to its Articles of Association to reflect terms agreed under the share subscription agreement, including the right for the investor to appoint one board director — a right that will cease if the investor’s stake falls below 10%.
This investment marks a major capital boost for Ixigo following strong post-IPO performance and continued user growth across flights, trains, and bus booking services.
