Le Travenues Technology proposes major share allotment to MIH Investments

Le Travenues Technology Limited announced an Extraordinary General Meeting (EGM) on November 01, 2025, to approve the preferential allotment of 46,270,092 fully paid-up equity shares. These shares, with a face value of INR 1 each, will be issued at a price of INR 280 per equity share, including a premium of INR 279, totaling INR 12,955,625,760. The allotment is proposed for MIH Investments One B.V., a non-promoter/public investor, who will hold 10.10% of the post-preferential issue equity on a fully diluted basis.

The proceeds are earmarked for organic growth opportunities (up to 25%), inorganic growth opportunities (up to 25%), working capital requirements (up to 25%), and general corporate purposes (maximum 25%). Organic growth initiatives include AI platforms, technology costs, product enhancement, and branding. The "Relevant Date" for pricing determination is October 01, 2025.

Additionally, the EGM will consider amending the company’s Articles of Association to grant MIH Investments One B.V. the right to appoint one Investor Director to the Board, subject to holding at least 10% of the company's equity shares on a fully diluted basis.