BSECompany Update6d ago · 13 Aug 2026, 07:20 pm
Sale of stake in Freshbus Private Limited, resulting in its cessation as an associate company of Le Travenues Technology Limited
Le Travenues Technology Ltd · 544192
✦ AI SummaryDivestiture
Le Travenues Technology Ltd 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.
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Growth Catalyst3/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Le Travenues Technology Ltd - 544192 - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
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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.