Key facts
- Ixigo acquired a majority stake in Brevistay.
- The acquisition is valued at Rs 65.59 crore.
- The deal involves secondary and primary share purchases.
- The transaction is subject to conditions precedent.
Online travel company Ixigo announced its acquisition of a majority stake in Brevistay, a network of flexible-stay hotels. The total transaction value is Rs 65.59 crore. The deal will be executed through a combination of secondary and primary share purchases, contingent upon the fulfillment of conditions outlined in the definitive agreements.