Le Travenues Technology Limited divests stake in Freshbus Private Limited, ceasing associate status
Le Travenues Technology Limited (listed on NSE as IXIGO), a travel technology platform, has divested its shareholding in Freshbus Private Limited, a bus aggregation / transportation tech venture. The divestment results in cessation of associate company classification. The announcement was made under Regulation 30 (material events/transactions) of the SEBI Listing Obligations and Disclosure Requirements (LODR), 2015. No transaction value or buyer identity disclosed in the NSE filing.
Why it mattersDivestment of non-core travel tech associate signals portfolio rationalisation; review exit valuation under Schedule VI (fair value) and equity accounting reversal impact on consolidated financials.
SectorTechnology
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Sources
- NSE Corporate Archives · official
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