India, Oct. 10 -- Ixigo has decided to sell 10.1% stake to Prosus NV in a deal valued at $146 million, a little over a year after the online travel platform listed on the stock exchanges. Its share price fell after announcement of the deal.

Le Travenues Technology Ltd., the listed operator of the company co-founded by Aloke Bajpai and Rajnish Kumar, has approved issuing 4.62 crore shares of face value Rs.1 each at Rs.280 apiece to Prosus unit MIH Investments One BV on a private placement basis, according to an exchange filing on Friday.

That pegs the value of the Ixigo-Prosus stake sale deal at Rs.1,295.56 crore for 10.10% stake in the online travel platform.

Ixigo will allocate the proceeds in four equal parts for:

The Ixigo-Prosus d...