Coronation Fund Managers, a South African-based firm, has increased its ownership in Le Travenues Technology, the parent company of popular travel platform ixigo, through an open market transaction. The firm acquired 475,000 equity shares on March 30, 2026, raising its stake from 6.90% to 7.01%. This marks the second recent increase, following a rise to around 5% in February 2026. The move did not impact the overall share capital of 43.81 crore shares.
Coronation Fund Managers, acting as a discretionary fund manager, manages funds for global investors. The company’s revenue surged to Rs 317 crore in Q3 FY26, up from Rs 242 crore in Q3 FY25, with a 55% profit increase to Rs 24 crore during the same period. ixigo’s shares are currently trading at Rs 165.02, resulting in a market capitalization of approximately $797 million.
Source: Entrackr : Latest Posts