Schroder Investment Management Increases Stake in Le Travenues Technology

Global asset manager Schroder Investment Management has enhanced its investment in Le Travenues Technology Limited, which oversees the travel booking platform ixigo. A recent stock exchange announcement revealed that entities within the Schroders Group, operating as discretionary fund managers, purchased additional shares on 18 September 2025.

Acquisition of Shares

This acquisition occurred on the open market, where Schroders acquired 41,638 shares of ixigo. This increased its ownership by 0.011%, elevating its total stake from 7.169% to 7.179%. Consequently, Schroders now holds 2,80,28,378 shares of ixigo.

Market Activity

Earlier this year, Elevation Capital executed a bulk sale of shares valued at over Rs 226 crore, achieving a remarkable return of roughly 31.6 times on its investment. During the same timeframe, Schroder augmented its portfolio by acquiring an additional 16.6 lakh shares from the open market, bringing its total shareholding to 5.176%.

Financial Performance of Ixigo

Ixigo has shown impressive financial growth, with a 72.5% increase in revenue from operations, which reached Rs 314 crore in the first quarter of FY26, compared to Rs 182 crore in the first quarter of FY25. Furthermore, the company’s net profit has seen a year-on-year rise of 27%, climbing to Rs 19 crore in Q1 FY26 from Rs 15 crore in Q1 FY25.

Current Market Position

The shares of ixigo are currently valued at Rs 278.55 (as of 15:31 PM), which provides the online travel aggregator with a market capitalization of Rs 10,874 crore.