NSEDiversification/Disinvestment6d ago · 13 Aug 2026, 07:23 pm

Diversification/Disinvestment

Le Travenues Technology Limited · IXIGO

✦ AI SummaryDivestiture

Le Travenues Technology Limited has sold its 17.39% stake in Freshbus Private Limited to Twelve Stone LLP for ₹365,994,504, resulting in Freshbus ceasing to be an associate company.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Le Travenues Technology Limited has informed the Exchange about Sale of stake in Freshbus Private Limited, resulting in its cessation as an associate company of Le Travenues Technology Limited

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IXIGO_13082026192226_Announcement_Reg_30_Freshbus.pdf

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August 13, 2026 LTTL/L&S/2025-26/08/12 The Listing Department, The Listing Department, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Maharashtra, India Maharashtra, India Dear Sir/Madam, Sub : Announcement under Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Sale of stake in Freshbus Private Limited, resulting in its cessation as an associate company of Le Travenues Technology Limited Ref : Le Travenues Technology Limited (ISIN: INE0HV901016) NSE Symbol: IXIGO and BSE Scrip Code: 544192 In compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “SEBI Listing Regulations”), we wish to inform you that Le Travenues Technology Limited (the “Company”) has entered into a Share Purchase Agreement dated August 13, 2026 with Twelve Stone LLP and Freshbus Private Limited. Pursuant to the said agreement, the Company has agreed to sell 46,264 Compulsorily Convertible Preference Shares of Freshbus Private Limited to Twelve Stone LLP at a price of ₹7,911 per share, constituting 17.39% stake of the paid up share capital in Freshbus Private Limited. The Company had invested in Freshbus Private Limited pursuant to an Investment and Shareholders’ Agreement dated October 28, 2022, under which it acquired 68,258 Compulsorily Convertible Preference Shares and 1 Equity Share at a price of ₹2,344 per share. Upon completion of the transaction, the Company’s shareholding in Freshbus Private Limited shall stand reduced from 25.66% to 8.27% of its paid up share capital, resulting in Freshbus Private Limited ceasing to be an associate company of Le Travenues Technology Limited. The requisite details pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, updated up to January 30, 2026, are set out in the Annexure. This announcement will also be available on the website of the Company at https://investors.ixigo.com/. You are requested to kindly take the above information on record. Thank you, For Le Travenues Technology Limited Suresh Kumar Bhutani (Group General Counsel, Company Secretary & Compliance Officer) Annexure Requisite details pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 S. No. Disclosures Particulars a) The amount and percentage of the Name of associate company: Freshbus turnover or revenue or income and Private Limited net worth contributed by such unit or division or undertaking or subsidiary Income/ (Loss): (₹11.22 crore) being or associate company of the listed share of loss of associate company entity during the last financial year; accounted for in the audited consolidated financial statements as of March 31, 2026 Net worth: It contributes ₹18.87 crore as investment in associate accounted for in consolidated financial statements constituting 0.96% of the net worth as per the audited consolidated financial statements as on March 31, 2026. b) Date on which the agreement for August 13, 2026 sale has been entered into; c) The expected date of completion of On or before August 30, 2026 sale/disposal; d) Consideration received from such Cash consideration of ₹365,994,504 for sale/disposal; sale of 46,264 Compulsorily Convertible Preference Shares at a price of ₹7,911 per share. e) Brief details of buyers and whether Twelve Stone LLP (LLPIN: ACV-1977) any of the buyers belong to the having its registered office at Flat No. promoter/promoter group/group 402, P. No. - 57, 58, Bhagya Nagar companies. If yes, details thereof; Colony, Kukatpally, Tirumalagiri, Hyderabad - 500 072, Telangana, India, an entity whose Designated Partners are Mr. Sudhakar Reddy Chirra, Founder and Managing Director of Freshbus Private Limited, and Ms. Sasya Chirra. Le Travenues Technology Limited is a professionally managed company and does not have any identifiable promoter or promoter group under the SEBI (Issue of Capital and Disclosure S. No. Disclosures Particulars Requirements) Regulations, 2018 and the Companies Act, 2013. Further, none of the other group companies has any interest in the transaction. f) Whether the transaction would fall No, the transaction does not fall within within related party transactions. If the purview of related party transactions. yes, whether the same is done at “arm’s length”; g) Whether the sale, lease or disposal of Not applicable the undertaking is outside the Scheme of Arrangement. If yes, details of the same, including compliance with Regulation 37A of LODR Regulations; h) Additionally, in case of a slump sale, Not applicable indicative disclosures provided for amalgamation/merger shall be disclosed by the listed entity with respect to such slump sale.