In a significant move to expand its footprint in the hospitality sector, Le Travenues Technology Limited, operating as Ixigo, has successfully acquired a 54.66% majority stake in Brevistay Hospitality Private Limited. The legal expertise for this acquisition was provided by JSA Advocates & Solicitors, who facilitated the entire transaction process.
JSA’s involvement included conducting comprehensive legal due diligence on Brevistay, negotiating and finalizing all transaction documents, and guiding Ixigo through pre-closing procedures. The legal team from JSA comprised of Archana Tewary, Partner; Savio Tom, Principal Associate; Nandini Menon, Senior Associate; Naveen Kumar, Associate; and Sanchari Sengupta, Junior Associate.
Brevistay has established itself as a leader in India’s flexible-stay hotel network, offering a platform for short-duration and overnight hotel bookings. With this acquisition, Brevistay will operate as a subsidiary of Ixigo. Furthermore, the arrangement includes an option for Ixigo to acquire the remaining shares, subject to certain conditions being met in the future.
This strategic acquisition aligns with Ixigo’s growth objectives and its commitment to enhancing customer experience in the travel and hospitality industry. As Ixigo integrates Brevistay’s innovative platform, it stands to significantly benefit from the increasing demand for flexible hotel booking solutions.
