Le Travenues Techno

ixigo has agreed to acquire a 54.66% stake in Brevistay Hospitality, an online platform for booking hotel rooms by flexible durations, for ₹65.7 crore in cash. The deal, expected to close by end-July, will make Brevistay a subsidiary. The board also approved ₹12 crore in minority investments in two AI startups, Proactai and Vestra.AI.

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** Shares of Le Travenues LETR.NS, now Ixigo, up about 4% at 170.02 rupees

** LETR posted Q4 net profit surge of 91% Y/Y

** Analysts at BofA Securities said co's Q4 results were largely in line with expectations, with growth driven by other segments offsetting a decline in the train business due to a high base from the Mahakumbh

** Flags international travel remained subdued due to higher fares and route curtailments

** LETR rated "buy" on avg by 5 analysts; median PT of 220 rupees - data compiled by LSEG

** YTD stock down about 36%

($1 = 95.9650 Indian rupees)

(Reporting by Devika Nair in Bengaluru)

(([email protected];))

May 21 (Reuters) - Le Travenues Technology Ltd LETR.NS:

• IXIGO - MARCH-QUARTER CONSOL NET PROFIT 319.6 MILLION RUPEES

• IXIGO - MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.08 BILLION RUPEES

Source text: ID:nBSE4DRR77

Further company coverage: LETR.NS

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** India's travel related stocks fall after PM Narendra Modi urges citizens to limit travel amid disruptions caused by Iran war

** Hotel operator EIH EIHO.NS drops 1.3% to 331.2 rupees, Chalet Hotels CHAL.NS loses 1.4% to 778.2 rupees, Indian Hotels Company IHTL.NS sheds 1.1% to 665.8 rupees

** Ixigo or Le Travenues Technology LETR.NS falls 2.1% to 164.82 rupees; Thomas Cook THOM.NS dips 4.1% to 92.9 rupees

** InterGlobe Aviation INGL.NS falls 3.5% to 4,362 rupees; SpiceJet SPJT.BO eases 2.9% to 13.55 rupees

** YTD, Nifty India Tourism Index .NIFTYINDTOURISM down 13.5%; had fallen 5.8% in 2025

(Reporting by Abhinav Parmar in Bengaluru)

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** Antique Stock Broking initiates Le Travenues Technology LETR.NS with "Hold" and PT at 180 rupees

** Brokerage cites travel platform's user-first approach and value-added products that drive customer stickiness and new monetization avenues

** Notes co holds +60%/<10%/mid-to-high-teens market share in train/flight/bus segments, respectively, through strategy of problem identification, solution creation, and cross-selling aided by acquisitions

** Expects ramp-up of high-margin hotel business using proven strategy and cross-selling to existing user base in non-metro markets

** Says rating factors in base effect of Mahakumbh and some impact on flight segment (particularly international) due to Middle East conflict

** Shares of LETR slip 1% to 177 rupees; down 30.7% YTD

(Reporting by Mridula Kumar in Bengaluru)

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March 26 (Reuters) - Le Travenues Technology Ltd LETR.NS:

• ABHIBUS AND FLEETX PARTNER FOR AI-POWERED SAFETY & FLEET INTELLIGENCE TO BUSES

Source text: ID:nBSEbf4SFS

Further company coverage: LETR.NS

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** Shares of Le Travenues, now Ixigo, LETR.NS rise nearly 5% to 223.7 rupees

** JM Financial upgrades online travel agent from "reduce" to "buy", cuts PT by 25 rupees to 275 rupees

** Cites 20% correction since Nov'25 end has materially improved risk-reward, but flags 4%-8% earnings cut in FY26-28

** Ixigo positioned for faster growth than peers, driven by cross-selling, superior customer experience, and strong traction for value-added services - brokerage

** Notes temporary earnings and sentiment overhang shall ease over next few quarters

** YTD, LTER down nearly 13%

(Reporting by Urvi Dugar in Bengaluru)

(([email protected];))

Adds investment details from paragraph 2 onwards

Oct 10 (Reuters) - Dutch technology investor Prosus PRX.AS will buy a 10.1% stake in India's Ixigo LETR.NS for 12.96 billion rupees ($146 million), the online travel booking platform said on Friday.

Ixigo, formally known as Le Travenues Technology, will issue shares to Prosus on a preferential basis at 280 rupees per share - a 10.5% discount to Ixigo's closing price on Thursday.

Ixigo's stock opened slightly lower at 310 rupees in early trade before reversing course to trade 1% higher.

The company said it will use 25% of the proceeds, or up to 3.24 billion rupees, towards growth initiatives such as developing new artificial intelligence platforms and expanding its hotels business.

It will also use the investment to fund its advertisement and branding initiatives, and acquisitions.

India is home to some of Prosus' biggest ventures in its $6.5 billion portfolio, which includes food and grocery delivery platform Swiggy SWIG.NS and fintech firm PayU.

($1 = 88.7950 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema and Janane Venkatraman)

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** Jefferies removes Reliance Industries RELI.NS and Axis Bank AXBK.NS from its India long-only portfolio

** Adds Ambuja Cements ABUJ.NS, Ixigo LETR.NS and Lemon Tree Hotels with 4 percentage points weight

** RELI and AXBK down 0.6% and 0.2%, respectively, on the day; LETR and LEMO rise 2.4% and 1.2%, respectively

** Jefferies reduces weight of ICICI Bank ICBK.NS, JSW Energy JSWE.NS and REC RECM.NS each by 1 percentage point

** ICBK down 1.25%, JSWE and RECM up 1.7% and 0.6% respectively

** SBI Life Insurance SBIL.NS and Adani Ports APSE.NS have the highest weighting of 6% each in GREED & Fear's India long-only portfolio

(Reporting by Vivek Kumar M and Bharath Rajeswaran)

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Sept 12 (Reuters) - Le Travenues Technology Ltd LETR.NS:

• IXIGO - IXIGO TRAINS TIES UP WITH DELHI METRO, ONDC TO LAUNCH METRO TICKET BOOKING SERVICES

Source text: ID:nnAZN4IAV1L

Further company coverage: LETR.NS

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** Shares of Le Travenues Technology LETR.NS rises 8.4% to 194 rupees, their highest since July 2024

** Travel booking platforms operator's Q1 net profit jumps 28.5% Y/Y, boosted a surge in flight segment revenue; rev surges 72.9%

** Over 2.1 mln shares traded, nearly 2 times the 30-davy avg

** Stock up 15.7% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

July 16 (Reuters) - Le Travenues Technology Ltd LETR.NS:

• IXIGO JUNE-QUARTER CONSOL NET PROFIT 190.9 MILLION RUPEES

• IXIGO JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.14 BILLION RUPEES

Source text: [ID:]

Further company coverage: LETR.NS

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March 19 (Reuters) - Le Travenues Technology Ltd LETR.NS:

• IXIGO AND AMADEUS SIGN ENHANCED TRAVEL DISTRIBUTION PARTNERSHIP

Source text: ID:nBSE1hb9Jr

Further company coverage: LETR.NS

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Jan 28 (Reuters) - Le Travenues Technology Ltd LETR.NS:

• DEC-QUARTER CONSOL NET PROFIT 155.2 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.42 BILLION RUPEES

Source text: ID:nBSE1kdTNX

Further company coverage: LETR.NS

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** Shares of Le Travenues Technology LETR.NS rise 3.6% to 175.7 rupees

** Operator of online ticket booking website Ixigo reported a 70% surge in Q1 profit, rev up 16% y/y

** LETR set to snap three day losing streak, if trend holds

** Stock currently trading 90% higher than its IPO price band's upper limit of 93 rupees

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** Shares of Le Travenues Technology LETR.NS jump about 5% at 171.6 rupees

** Operator of online ticket booking website Ixigo reported Q4 profit, rev surge on Thursday

** Profit nearly doubled, while rev surged 20%

** Stock at current price 84% higher than its IPO price band's upper limit of 93 rupees

** U.S.-listed local MakeMyTrip MMYT.O has surged ~89% this year, set for its best one-year jump ever

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Le Travenues Technology LETR.NS jump over 4%

** Operator of online ticket booking website Ixigo to report Q4 results later in the day

** Stock set for biggest one-day jump since its market debut surge in mid-June

** Stock last at ~164 rupees, 76% higher than its IPO price band's upper limit of 93 rupees

** U.S.-listed local MakeMyTrip MMYT.O has surged ~89% this year, set for its best one-year jump ever

(Reporting by Savio Dsouza)

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** Shares of Le Travenues Technology LETR.NS up 62.6% to 151.25 rupees in its Mumbai market debut

** LETR, known for its online travel agency 'Ixigo', debuted at 62.6% above its IPO price range's upper limit of 93 rupees

** LETR raised 7.4 bln rupees in its IPO, with 1.2 billion rupees from the fresh issue and 6.2 billion rupees from the offer for sale of shares - prospectus

** IPO oversubscribed 98.34x last week - exchange data

** Axis Capital, DAM Capital Advisors, and JM Financial are among the bookrunning lead managers

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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