Coronation Fund Managers Increases Stake in Ixigo

Coronation Fund Managers Ltd, an asset management firm based in South Africa, has escalated its shareholding in the online travel service provider, Le Travenues Technology Limited (Ixigo), as revealed in a recent regulatory filing. Listed on the Johannesburg Stock Exchange, Coronation purchased 183,322 equity shares of Le Travenues in the open market, as per the disclosed information. This acquisition has lifted its stake beyond the 5% benchmark.

Prior to this transaction, Coronation possessed 21,852,552 shares, representing 4.99% of Ixigo’s equity share capital. Post-acquisition, its holding rose to 22,035,874 shares, translating to 5.03%.

Other Stake Developments in Ixigo

In a noteworthy move, Prosus has also boosted its stake in Ixigo to around 15% through an off-market transaction. Prosus acquired a 3.16% fully diluted stake from Peak XV and a 1.9% stake from Elevation.

This purchase follows Ixigo’s recent announcement regarding its intention to procure a 60% majority stake upfront in the Spain-based online train ticketing platform, Trenes, for approximately Rs 125 crore. Trenes will function as a step-down subsidiary of Ixigo.

Ixigo’s Financial Performance

Ixigo reported a rise in operational revenue, reaching Rs 317.6 crore in Q3 FY26, compared to Rs 242 crore in Q3 FY25. The company also saw a 55% increase in profit, amounting to Rs 24 crore during the same period.

As of 11:15 AM, Ixigo’s shares are trading at Rs 164.4, giving the online travel aggregator a market capitalisation of Rs 7,148 crore, equivalent to approximately $786 million.