The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for MIH Investments One B.V.
IXIGO · price
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MIH Investments One B.V., a Prosus group entity based in the Netherlands, has acquired 13,000,000 equity shares (3.33% of paid-up capital) of Le Travenues Technology (IXIGO) via an off-market transaction on October 10, 2025. This takes MIH's total holding in IXIGO from 1.99% to 5.33% (5.06% on a diluted basis), crossing the 5% disclosure threshold under SEBI SAST Regulations. The acquirer is not part of IXIGO's promoter/promoter group, meaning this is a non-promoter, institutional (foreign portfolio) creeping acquisition. MIH now sits in the 5-10% band, from where it can buy up to 5% more per financial year without triggering a mandatory open offer.
This is a meaningful institutional endorsement from a global tech investor (Prosus), which could be viewed positively by retail investors as it signals confidence in IXIGO's growth story. However, the increased foreign holding also means more supply risk if MIH decides to exit. Watch for further acquisitions — once MIH crosses 10%, the creeping limit tightens to 2% per year.