Le Travenues Technology secures ₹12.95 bn investment from MIH Investments

Le Travenues Technology Limited, at its Board Meeting on October 10, 2025, approved a preferential issue of 46,270,092 equity shares to MIH Investments One B.V. (Investor) at ₹280 per share, including a premium of ₹279. This totals ₹12,955,625,760, representing 10.10% of the post-issue paid-up equity share capital. The investor will have the right to appoint one director to the board as long as they hold 10% or more equity shares on a fully diluted basis.

The proceeds will be allocated across four key areas, each receiving 25% of the total funds: Organic Growth Opportunities (up to ₹323.89 Crores by December 31, 2028), Inorganic Growth Opportunities (up to ₹323.89 Crores by March 31, 2028), Working Capital Requirements (up to ₹323.89 Crores by March 31, 2027), and General Corporate Purposes (up to ₹323.89 Crores by March 31, 2028).

The board also approved amendments to the company's Articles of Association to reflect the terms of the Share Subscription Agreement and other structural adjustments, subject to shareholder approval at an Extraordinary General Meeting scheduled for Saturday, November 01, 2025.