Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Ixigo Shares Soar Over 78% On Market Debut, Valuation Reaches ₹6,275.87 Crore
Update / Judgement Date
17 Jun 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Le Travenues Technology Ltd, the operator of ixigo, saw its shares surge by over 78% against the issue price of Rs 93. Starting strong, the stock debuted at Rs 135 on the BSE, marking a 45.16% increase, and closed at Rs 161.99, a gain of 74.18%. At the NSE, it opened at Rs 138.10 (up 48.49%) and ended at Rs 165.72 (up 78.19%). With 76.43 lakh shares traded on the BSE and 964.60 lakh on the NSE, the company's market valuation reached Rs 6,275.87 crore. \r
Founded in 2007, ixigo is India’s top online travel aggregator, facilitating bookings across rail, air, buses, and hotels.