The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Coronation Fund Managers Ltd
IXIGO · price
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Awaiting price reaction for this filing.
Coronation Fund Managers Ltd (acting as a discretionary fund manager for various foreign funds) acquired 183,322 shares of Le Travenues Technology (operator of ixigo) through open market purchases on 18 February 2026. This lifted their stake from 4.99% to 5.03% of the total share capital (4.78% to 4.82% on a diluted basis). Coronation is acting on behalf of multiple overseas funds including Coronation Equity Fund, Coronation Global Emerging Markets Fund, and several others. The acquirer is not part of the promoter group, classifying this as a foreign institutional investor purchase. The acquisition value is small (0.04% incremental stake), but it crosses the key 5% disclosure threshold under SEBI takeover regulations.
A foreign institutional investor crossing the 5% mark in ixigo is mildly positive for the stock, signalling continued foreign investor confidence. However, the incremental purchase is very small and the overall holding remains modest, so the direct stock price impact is likely limited. Investors should watch for further disclosures, as Coronation could continue creeping acquisitions up to the next regulatory threshold.