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.
Le Travenues Technology is an online travel agency (OTA) that enables travellers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name ‘ixigo’.
