Coronation Fund Managers Expands Stake in Le Travenues Technology
South Africa-based Coronation Fund Managers has raised its investment in Le Travenues Technology, which operates the travel platform ixigo, through an open market transaction. A regulatory filing received from the Bombay Stock Exchange (BSE) on April 1, 2026, revealed that the firm purchased 4.75 lakh (475,000) equity shares on March 30, 2026.
Before this transaction, Coronation owned 3.02 crore shares, which equated to a 6.90% ownership stake in the company. After the latest acquisition, its shareholding has ascended to 3.07 crore shares, increasing its stake to 7.01%. This marks the second time in recent months that Coronation has elevated its investment. In February 2026, the firm had already increased its stake to approximately 5%. The current move pushes its holdings beyond the 7% mark.
The acquisition occurred via open market transactions and did not alter the company’s overall share capital, which remains fixed at 43.81 crore shares. Additionally, it’s noteworthy that last year, MIH Investments One B.V., a Prosus subsidiary, also augmented its stake in ixigo to around 15%.
Coronation Fund Managers serves as a discretionary fund manager for various global funds and institutional investors, who were also mentioned as persons acting in concert (PAC) in the regulatory filing.
On the financial side, ixigo’s revenue from operations rose to Rs 317 crore in Q3 FY26, compared to Rs 242 crore in Q3 FY25. The company’s profit witnessed a remarkable increase of 55%, reaching Rs 24 crore during the same period.
As of 10:53 AM, ixigo’s shares are priced at Rs 165.02, giving the online travel aggregator a market capitalisation of Rs 7,255 crore (roughly $797 million).
