Le Travenues Technology rises on getting nod to acquire 54.66% stake in Brevistay
Le Travenues Technology is currently trading at Rs. 157.00, up by 1.55 points or 1.00% from its previous closing of Rs. 155.45 on the BSE.
The scrip opened at Rs. 155.65 and has touched a high and low of Rs. 157.25 and Rs. 154.85 respectively. So far 2410 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 339.05 on 16-Oct-2025 and a 52 week low of Rs. 147.00 on 02-Mar-2026.
Last one week high and low of the scrip stood at Rs. 177.85 and Rs. 151.80 respectively. The current market cap of the company is Rs. 6819.11 crore.
The Institutions and Non-Institutions held 74.29% and 25.71% stake respectively in the company.
Le Travenues Technology (ixigo) has received approval for acquisition of 54.66% stake in Brevistay Hospitality (Brevistay) for a total consideration of Rs 65.69 crore including non-compete fee, through a combination of secondary and primary share purchases subject to completion of conditions precedent and authorisation for signing of definitive agreements. Additionally, the company has a right to purchase the remaining stake in the future subject to fulfilment of certain conditions.
The objective of acquisition is to strengthen the online hotel booking business. Consequent to the acquisition, Brevistay will become a subsidiary of the company. The Board of Directors of the company at its meeting held on June 05, 2026, has approved the same.
