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Ixigo sells a 17.39% stake in Freshbus Private Limited for Rs 365,994,504
13-Aug-2026, 08:43
Le Travenues Technology Limited, doing business as Ixigo, has entered into a share purchase agreement with Twelve Stone LLP and Freshbus Private Limited to sell 46,264 Compulsorily Convertible Preference Shares of Freshbus Private Limited for Rs 7,911 per share, representing a 17.39% stake. The transaction, dated August 13, 2026, will reduce Le Travenues Technology Limited’s shareholding in Freshbus Private Limited from 25.66% to 8.27%, causing Freshbus Private Limited to cease being an associate company, with the sale expected to be completed on or before August 30, 2026, for a total consideration of Rs 365,994,504. Twelve Stone LLP’s designated partners are Mr. Sudhakar Reddy Chirra and Ms. Sasya Chirra, who are also the founder and managing director and a partner, respectively, of Freshbus Private Limited.
Le Travenues Technology Limited, doing business as Ixigo, has entered into a share purchase agreement with Twelve Stone LLP and Freshbus Private Limited to sell 46,264 Compulsorily Convertible Preference Shares of Freshbus Private Limited for Rs 7,911 per share, representing a 17.39% stake. The transaction, dated August 13, 2026, will reduce Le Travenues Technology Limited’s shareholding in Freshbus Private Limited from 25.66% to 8.27%, causing Freshbus Private Limited to cease being an associate company, with the sale expected to be completed on or before August 30, 2026, for a total consideration of Rs 365,994,504. Twelve Stone LLP’s designated partners are Mr. Sudhakar Reddy Chirra and Ms. Sasya Chirra, who are also the founder and managing director and a partner, respectively, of Freshbus Private Limited.