India, Oct. 9 -- The board of travel tech company ixigo's parent Le Travenues Technology will meet tomorrow to consider raising an unspecified amount of funds via issuance of securities.

In an exchange filing, the company said that its board will "consider, evaluate, and approve a proposal for fund raising by way of issuance of securities through one or more permissible modes, including but not limited to a qualified institutions placement, preferential issue, or any other method."

In a separate exchange filing, the company said that it has received intimation from a potential investor to acquire up to 16% stake in ixigo.

". we propose to acquire, either by ourselves or through our affiliates, certain shares in Le Travenues Technology ...