Micromax is set to sell part of its 7.6% stake in the online travel booking service, which also counts Info Edge and Fosun Kinzon Capital as investors.
Ixigo, the India-based online travel platform developer backed by electronics producer Micromax Informatics and classified listing operator Info Edge, has filed for a Rs 16bn ($216m) initial public offering, Moneycontrol reported today.
The company plans to issue Rs 7.5bn of shares on the Securities and Exchange Board of India while selling shareholders including Micromax will divest a further Rs 8.5bn, according to the IPO filing.
Founded in 2007, Ixigo operates an online platform that enables users to book air, train…
