Elevation Capital Divests More Stake in ixigo

• Elevation Capital has reduced its stake in the online travel aggregator ixigo, selling 2.59% via open market transactions.
• Schroder International Selection Fund has picked up the shares, increasing its stake to approximately 5%.
• Elevation Capital now holds a 6.45% stake, down from a previous 9.04%, marking the third sale in recent months.
• Despite market fluctuations, ixigo's stock has surged, buoyed by its profitability and strategic acquisitions.
• The company's rising revenues and net profits signal investor confidence, even as shares saw a slight decline yesterday.

Source: Inc42