Global asset management firm Schroder Investment Management has marginally increased its stake in Le Travenues Technology Ltd, the operator of travel booking platform ixigo.
As per a stock exchange filing dated September 18, 2025, Schroders’ group entities acquired 41,638 shares via open market transactions, raising their holding to 7.179% from 7.169% earlier. With this, the fund manager now controls 2,80,28,378 shares of ixigo.
This development follows Schroders’ earlier moves in 2025, when it accumulated over 16.6 lakh shares, coinciding with Elevation Capital’s Rs 226 crore exit, which delivered a 31.6X return for the VC firm.
On the financial front, ixigo reported a 72.5% YoY revenue jump in Q1 FY26, touching Rs 314 crore against Rs 182 crore in Q1 FY25. Its net profit rose 27%, reaching Rs 19 crore compared to Rs 15 crore a year earlier.
At the close of market hours on September 23, ixigo’s stock traded at Rs 278.55, valuing the company at around Rs 10,874 crore.
By: Arushi Agarwal
