Coronation Fund Managers Limited has disclosed a substantial acquisition of equity shares in Le Travenues Technology Limited (parent company of ixigo). The transaction, completed on February 18, 2026, increased the acquirer’s total holding to 5.03% of the total voting capital. The acquisition involved purchasing 183,322 shares via the Open Market mechanism, resulting in a new holding of 22,035,874 shares.
Disclosure of Substantial Share Acquisition
Coronation Fund Managers Limited has formally notified the exchanges regarding a significant change in its shareholding in Le Travenues Technology Limited (ISIN: INEOHV901016). The disclosure relates to the acquisition of voting rights by Coronation Fund Managers Ltd., acting in its capacity as a discretionary fund manager for various segregated accounts and funds.
Pre- and Post-Acquisition Holding Details
Prior to the transaction, the holding of Coronation Fund Managers and its Persons Acting in Concert (PACs) stood at 21,852,552 shares, representing 4.99% of the total share capital and 4.78% of the total diluted share capital of the Target Company (TC).
Following the acquisition, the total holding increased substantially:
- Shares carrying voting rights: 22,035,874 (representing 5.03% of total share capital).
- Total diluted share/voting capital held after the acquisition stands at 4.82%.
Details of the Transaction
The mode of acquisition for the new stake was through the Open Market. A total of 183,322 shares carrying voting rights were acquired. This translates to an increase of 0.04% in both the total share capital and the total diluted share/voting capital percentage.
The effective date of acquisition for these shares was recorded as February 18, 2026. The equity share capital of Le Travenues Technology Limited remained constant at 438,071,307 before and after the transaction, while the total diluted share/voting capital after the acquisition is stated as 457,545,806.
Acquirer Entities (PACs)
The filing detailed that the acquisition was conducted across numerous funds managed by Coronation, including Coronation Equity Fund, Coronation Global Emerging Markets Fund, Coronation Global Emerging Markets Flexible [ZAR] Fund, and Coronation Emerging Markets ex China Fund, among others.
Source: BSE
