Overview
- The company will issue 46,270,092 shares at ₹280 each to Prosus unit MIH Investments One B.V., raising ₹1,295.56 crore for a 10.10% post-issue stake.
- Proceeds are earmarked in four equal buckets of up to ₹323.89 crore each for AI-led organic growth, acquisitions, working capital and general corporate purposes.
- Use-of-funds timelines run to Mar 31, 2027 for working capital and to Mar 31, 2028–Dec 31, 2028 for the other categories, according to the exchange filing.
- The share subscription agreement gives Prosus a right to nominate one director while it holds at least 10% on a fully diluted basis, requiring related changes to the articles.
- The preferential issue is subject to shareholder approval at an extraordinary general meeting on Nov. 1, 2025, and ixigo shares fell after the announcement.