The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Peak XV Partners Investments V
IXIGO · price
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On the reaction day the stock moved 4.7 pts more than Nifty Microcap 250 and 4.9 pts more 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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Peak XV Partners Investments V, a Mauritius-based institutional investor (not a promoter), sold 13,000,000 equity shares (3.33% of total share capital, 3.16% on a diluted basis) of Le Travenues Technology Ltd (IXIGO) on October 10, 2025, through an off-market transaction. Before the sale, Peak XV held 39,186,752 shares (10.04%); after the sale, its holding has come down to 26,186,752 shares (6.71%). This is a significant reduction by a major institutional investor that previously held more than 10% of the company. The sale was disclosed under SEBI Takeover Regulations on October 14, 2025.
A large institutional investor (Peak XV, formerly Sequoia/Peak XV) trimming its stake by a third is generally seen as a mild negative signal, as it reduces a stable long-term shareholder. However, the off-market route suggests a structured block deal rather than open-market dumping, which may limit immediate price pressure.