Acquisitions5 Jun 2026, 08:13 pm
Le Travenues Technology Acquires 54.66% Stake in Brevistay for ₹65.69 Cr
AI Summary
Le Travenues Technology Ltd announced the outcome of its board meeting held on June 5, 2026. The company approved the acquisition of a 54.66% stake in Brevistay Hospitality Private Limited for ₹65.69 Crore, making Brevistay a subsidiary. Additionally, Le Travenues Technology will invest ₹7.50 Crore for a 10.34% stake in Ofintelligence Technologies Private Limited (Proactai) and ₹4.50 Crore in Forgeurai Systems Private Limited (Vestra.AI) via convertible debentures. These transactions are subject to completion of conditions precedent. The trading window for designated persons will reopen on June 8, 2026.
Key Highlights
- Acquired 54.66% stake in Brevistay Hospitality for ₹65.69 Cr.
- Brevistay Hospitality will become a subsidiary post-acquisition.
- Invested ₹7.50 Cr in Ofintelligence Technologies (Proactai).
- Invested ₹4.50 Cr in Forgeurai Systems (Vestra.AI) via debentures.