Ixigo to sell 10% stake to Prosus for Rs 1,295 crore

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Ixigo's parent company, Le Travenues Technology, is selling a 10% stake to Prosus for Rs 1,295 crore. The deal involves selling over 4.62 crore shares at Rs 280 each, a 10% discount to Thursday's closing price. Proceeds will fund growth and working capital needs.