The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saif Partners India IV Ltd
IXIGO · price
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On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.3 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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SAIF Partners India IV Limited, a foreign investor (Mauritius-incorporated fund) and non-promoter, has sold 1.10 crore (1,10,89,508) equity shares of Ixigo through open market transactions on 19 June 2025. This represents a 2.84% reduction in its shareholding, bringing its stake down from 11.89% (4.64 crore shares) to 9.05% (3.53 crore shares). The disclosure has been made under Regulation 29(2) of the SEBI Takeover Regulations, 2011, and the shares were encumbrance-free (no pledge) both before and after the transaction.
This is a notable block exit by a large foreign institutional investor crossing below the 10% threshold, which could weigh on short-term sentiment. However, the sale was conducted through the open market over a trading day, suggesting an orderly exit rather than a distress sale, and the company's total share capital remains unchanged.