Prosus to invest ₹1,296 crore in ixigo, picks up 10% stake
Prosus makes large strategic investment in ixigo as part of growth push.
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8h agoProsus to invest ₹1,296 crore in ixigo, picks up 10% stake
Global tech investor Prosus, via its arm MIH Investments One BV, will invest ₹1,296 crore in Indian online travel firm ixigo, acquiring roughly 10.1% equity. The capital will be infused through a preferential share issue at ₹280 per share, slightly above current trading levels. Prosus sees strategic synergies in travel-tech and domestic marketplace scaling, while strengthening ixigo’s balance sheet and growth runway.
positive
8h agoProsus to invest ₹1,296 crore in ixigo, picks up 10% stake
Global tech investor Prosus, via its arm MIH Investments One BV, will invest ₹1,296 crore in Indian online travel firm ixigo, acquiring roughly 10.1% equity. The capital will be infused through a preferential share issue at ₹280 per share, slightly above current trading levels. Prosus sees strategic synergies in travel-tech and domestic marketplace scaling, while strengthening ixigo’s balance sheet and growth runway.
positive
Prosus to invest ₹1,296 crore in ixigo, picks up 10% stake
about 8 hours ago
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Prosus makes large strategic investment in ixigo as part of growth push.
Global tech investor Prosus, via its arm MIH Investments One BV, will invest ₹1,296 crore in Indian online travel firm ixigo, acquiring roughly 10.1% equity. The capital will be infused through a preferential share issue at ₹280 per share, slightly above current trading levels. Prosus sees strategic synergies in travel-tech and domestic marketplace scaling, while strengthening ixigo’s balance sheet and growth runway.
Global tech investor Prosus, via its arm MIH Investments One BV, will invest ₹1,296 crore in Indian online travel firm ixigo, acquiring roughly 10.1% equity. The capital will be infused through a preferential share issue at ₹280 per share, slightly above current trading levels. Prosus sees strategic synergies in travel-tech and domestic marketplace scaling, while strengthening ixigo’s balance sheet and growth runway.
Companies:
Prosus
ixigo
Tags:
investment
travel tech
investment
travel tech
India
Prosus
ixigo
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