International Firm Coronation Fund Managers Acquires 4.75 Lakh Shares in Ixigo, Stake Rises Above 7%
Om DSIJ / 02 Apr 2026 / Categories: Mindshare, Trending
Coronation Fund Managers lifts stake in Le Travenues Technology to 7.01 per cent via open market purchase of 4,75,000 shares
On Thursday, shares of Le Travenues Technology (ixigo) remained in focus after the company disclosed that Coronation Fund Managers increased its stake through an open market transaction, acquiring 4,75,000 equity shares with voting rights.
Coronation Fund Managers raises stake in Le Travenues Technology to over 7 per cent
Coronation Fund Managers increased its stake in Le Travenues Technology Limited through an open market transaction, as disclosed under SEBI’s SAST Regulations. The fund manager acquired 4,75,000 equity shares carrying voting rights on March 30, 2026, representing 0.11 per cent of the company's total share capital and 0.10 per cent of its total diluted share capital.
Before the transaction, Coronation Fund Managers, acting as a discretionary fund manager for various funds and segregated accounts, wherein investments are managed separately for individual clients, held 3,02,35,261 equity shares in Le Travenues Technology, representing 6.90 per cent of the company’s total share capital and 6.61 per cent on a diluted basis.
The total equity share capital and voting capital of the company remained unchanged at 43,81,83,527 shares, with voting capital referring to the total number of shares that carry voting rights in the company. The diluted share capital stood at 45,75,45,806 shares post-acquisition. The fund manager also clarified that it is not part of the promoter or promoter group of the company. Following the transaction, Coronation Fund Managers’ holding increased to 7.01 per cent of the company’s total share capital
Coronation Fund Managers confirmed that it does not belong to the promoter or promoter group of the target company.
About Le Travenues Technology
Le Travenues Technology Limited (ixigo) is a travel-technology company that helps Indian travellers plan, book and manage trips across rail, air, buses and hotels via its OTA platforms, powered by AI and data science-led innovations. Co-founded in 2006, it operates a multi-brand ecosystem across ixigo, ConfirmTkt and AbhiBus, serving over 544 million annual active users. The company employs 507 people and has two subsidiaries, including one overseas subsidiary.
Le Travenues Technology Ltd has a market capitalisation of Rs 7,257 crore and has delivered a profit growth of 31.8 per cent CAGR over the last five years. The company has a face value of Rs 1 per share.
In terms of stock performance, the share has delivered a return of 22.57 per cent over the past one year, while the 2-year and 3-year returns stand at 0.00 per cent. The stock has traded within a 52-week range of Rs 138.80 to Rs 335.65.
About Coronation Fund Managers
Coronation Fund Managers is a global asset management firm headquartered in South Africa, primarily engaged in managing investments across equity, fixed income and multi-asset strategies. The firm caters to institutional and individual investors and has a presence in multiple international markets. It focuses on long-term value investing and actively manages portfolios across emerging and developed markets.
Add DSIJ as your preferred news source on G o o g l e
Add NowShare your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.