ixigo to sell 17.39% stake in FreshBus to Twelve Stone for Rs 36.6 Cr

•ixigo agreed to sell 17.39% stake in FreshBus to Twelve Stone for Rs 36.6 Cr on August 13.

•Transaction expected to complete by August 30, reducing ixigo's stake from 26.66% to 8.27%.

•Twelve Stone, led by FreshBus founder Sudhakar Reddy Chirra, acquired the stake in a non-related party transaction.

•ixigo initially invested Rs 18.87 Cr in FreshBus, which reported a loss of Rs 11.22 Cr in FY26.