Le Travenues Expertise, the listed firm that operates travel reserving platform ixigo, has agreed to promote a 17.39% stake in electrical intercity bus startup FreshBus to Twelve Stone LLP for Rs 36.6 crore.

The corporate entered right into a share buy settlement on 13 August to promote 46,264 compulsorily convertible choice shares (CCPS) in FreshBus at Rs 7,911 every. The transaction is predicted to be accomplished on or earlier than 30 August.

As soon as the deal is accomplished, Le Travenues Expertise’s holding in FreshBus will fall from 25.66% to eight.27%, and FreshBus will stop to be an affiliate firm.

Twelve Stone LLP’s designated companions are FreshBus founder and managing director Sudhakar Reddy Chirra and Sasya Chirra. Le Travenues mentioned the transaction doesn’t fall throughout the scope of related-party transactions.

Le Travenues invested in FreshBus below an funding and shareholders’ settlement dated 28 October 2022, buying 68,258 CCPS and one fairness share at Rs 2,344 per share.

As of 31 March 2026, its funding in FreshBus accounted for within the consolidated monetary statements stood at Rs 18.87 crore, equal to 0.96% of Le Travenues’ internet price. The corporate additionally accounted for Rs 11.22 crore as its share of FreshBus’s loss within the 2025-26 monetary yr.

FreshBus was based by Sudhakar Reddy Chirra, who beforehand based bus ticketing platform AbhiBus. Le Travenues acquired the enterprise and operations of AbhiBus in August 2021 in a deal involving a mixture of money and ixigo inventory.

FreshBus raised Rs 87.5 crore in a Sequence A funding spherical in August 2024 led by enterprise capital agency Maniv, with participation from Shell Ventures, Alteria Capital and present investor Riverwalk Holdings. The startup had earlier raised Rs 7.5 crore in a second seed spherical from traders together with CRED founder Kunal Shah, TVS Motor managing director Sudarshan Venu and Rivigo founder Deepak Garg.

The stake sale comes amid a collection of acquisitions and investments by Le Travenues. In February, the board of its wholly owned Singapore subsidiary, IXIGO PTE. LTD., authorised the acquisition of a 60% stake in Spain-based train booking platform Trenes for €11.7 million and a forty five.02% stake in AI-focused expertise firm Sqaas for €450,000.

Le Travenues’ board later authorised the acquisition of a 54.66% stake in Brevistay Hospitality for Rs 65.69 crore, in addition to a Rs 7.5 crore funding in AI firm Proactai and a Rs 4.5 crore funding in Vestra.AI.

For the quarter ended 30 June 2026, Le Travenues reported consolidated PAT of Rs 34.24 crore, up 81% from Rs 18.94 crore a yr earlier, whereas income from operations rose 13% year-on-year to Rs 356.75 crore.