Deal Corner: NDA Represents Steadview Capital Mauritius Limited in the Pre-IPO Acquisition of the Shares of Le Travenues Technology Limited
Posted by By nishithadmin at 9 July, at 17 : 35 PM Print
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NDA REPRESENTS STEADVIEW CAPITAL MAURITIUS LIMITED IN THE PRE-IPO ACQUISITION OF THE SHARES OF LE TRAVENUES TECHNOLOGY LIMITED
DEAL BRIEF
Steadview Capital Mauritius Limited (“Steadview”) acquired shares of Le Travenues Technology Limited (“Ixigo”) from three of its existing shareholders namely, Peak XV Partners Investments V, Madison India Opportunities Trust Fund and Micromax Informatics Limited, as part of a pre-IPO secondary sale round of approximately INR 1.76 Billion.
Le Travenues Technology Limited is the parent company of Ixigo, a technology company that operates an online travel agency platform which provides travel utility tools and services, developed using in-house proprietary algorithms, to allow consumers to book train, bus, and flight tickets, as well as hotels and cabs.
OUR ROLE
We at Nishith Desai Associates, acted as the deal counsel for Steadview and advised them on legal, tax and regulatory aspects, including negotiation and finalization of the transaction documents against the three different sellers.
DEAL TEAM
MEDIA COVERAGE
DISCLAIMER
The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.
This hotline does not constitute a legal opinion and may contain information generated using various artificial intelligence (AI) tools or assistants, including but not limited to our in-house tool, NaiDA. We strive to ensure the highest quality and accuracy of our content and services. Nishith Desai Associates is committed to the responsible use of AI tools, maintaining client confidentiality, and adhering to strict data protection policies to safeguard your information.
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