India, July 25 -- VC firm Elevation Capital on Tuesday (July 22) sold 2.59% stake, or over 1.01 Cr shares, in online travel aggregator (OTA) ixigo via open market transactions.

In a filing with the exchanges, ixigo said that Elevation Capital sold its stake in the company via its subsidiary called Saif Partners India IV Limited. As per the stock's closing price of INR 221.2 on the BSE on July 21, the deal was worth nearly INR 224 Cr.

Post the deal, Elevation Capital now owns 6.45% stake in the company compared to 9.04% previously.

Sources told Economic Times that investment firm Schroder International Selection Fund lapped up the shares, adding that the fund now owns around 5% stake in the listed travel tech company.

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