Archive · 25 Jul 2025
Elevation Capital Sells More ixigo Shares in Open Market Transactions
Imagine a company called ixigo that helps people book travel.
A company called Elevation Capital owned some of ixigo's shares.
Recently, Elevation Capital decided to sell a part of their shares, which is like selling slices of a pie.
They sold about 2.59% of their shares for a lot of money.
Another company, Schroder International Selection Fund, bought most of these shares.
This isn't the first time Elevation Capital has sold shares; they've done it a few times recently.
ixigo's stock price is going up because the company is making more money and expanding, which makes investors happy.
Elevation Capital sold a 2.59% stake in ixigo via open market transactions.
The deal, valued at approximately INR 224 Cr, involved over 1.01 Cr shares.
Schroder International Selection Fund is reported to have acquired the shares, increasing its stake to around 5%.
This is the third time Elevation Capital has sold shares in ixigo in the last three months.
ixigo's stock price has increased, with shares up 30.45% in the last month and 40% in the last three months.
- Who
- Elevation Capital sold the shares, and Schroder International Selection Fund bought them.
- What
- Elevation Capital sold a 2.59% stake in ixigo.
- When
- July 22nd, recent trading sessions
- Where
- On the BSE.
- Why
- Elevation Capital's decision to sell a portion of its holdings.
Market Perspectives
Company Strategies
Market Reaction
Market Perspectives
Investors may view the sale as a negative signal if they interpret it as a loss of confidence from Elevation Capital, which may affect future investments and performance of shares.
Company Strategies
Other investors may interpret the sale positively, suggesting that the company is liquidating some assets to invest in something more profitable or rebalance the portfolio.
- Seller
- Elevation Capital
- Buyer
- Schroder International Selection Fund
- Stake Sold
- 2.59%
- Shares Sold
- Over 1.01 Cr
- Deal Value
- Approx. INR 224 Cr
- Ixigo's Listing Price
- INR 93
- Current Price Increase
- Approx. 130% from listing
- Ixigo's Founders
- Aloke Bajpai and Rajnish Kumar