Proposed investor plans to buy up to a 16% stake in Le Travenues
IXIGO · price
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On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 4.0 pts less than its Tour Travel Related Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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A potential investor plans to buy existing Le Travenues shares, either directly or through affiliates. No binding agreement, purchase price or transaction amount has been finalised. After the proposed share issue and these purchases, the investor's combined holding would not exceed 16%. The company is not party to the purchase and is unaware of the price or amount involved.
No immediate change in the company or cash flow is expected from the proposed purchase. A final stake of up to 16% could affect ownership and trading activity if completed.