India, June 20 -- VC firm Elevation Capital, formerly SAIF Partners India, offloaded over 53.98 Lakh shares of online travel aggregator (OTA) ixigo in a block deal worth INR 97.44 Cr yesterday.

As per the BSE data, the investment firm, via Saif Partners India IV Limited, sold the shares at INR 180.50 apiece as against the stock's last closing price of 180.65 on the BSE on Wednesday (June 18).

Of the shares that flooded the market, 53.69 Lakh shares were lapped up by Schroder International Selection Fund Asian Total Return at the same price for a total sum of INR 96.9 Cr.

Elevation Capital is one of the biggest shareholders in the travel tech company's parent Le Travenues Technology Ltd. It owned 14.02% stake in ixigo at the end of Marc...