Yatra denies ixigo stake-buy report as consolidation talk grips online travel
Yatra called CNBC Awaaz's claim that ixigo promoters are in advanced talks for a 15-20% stake 'inaccurate'. The denial lands as ixigo deploys its ₹1,295 Cr QIP across Brevistay, Trenes and Sqaas, while Yatra's Q4 profit slid 46% YoY to ₹8.2 Cr on ₹189 Cr revenue.
What happened
Yatra denied CNBC Awaaz report that ixigo promoters are in advanced talks to acquire 15-20% promoter stake. ixigo has been aggressively pursuing travel and AI
Key facts
- 15-20% stake
- 62.66% promoter stake
- ₹65.7 Cr Brevistay deal
- ₹1,295 Cr QIP
- Q4 net profit ₹8.2 Cr (-46% YoY)
- Q4 revenue ₹189 Cr (-14%)
- FY26 profit ₹46.8 Cr (+28%)
- FY26 revenue ₹1,000 Cr+ (+27%)
Why this matters
With promoters at 62.66% and a denied-but-floated stake rumor, watch for smaller OTAs to come into play as ixigo's M&A cadence forces defensive pairings across the sector.