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Other Investments
12 Months Ended
Mar. 31, 2024
Disclosure Of Other Investments [Abstract]  
Other Investments
9)
OTHER INVESTMENTS

 

 

As at March 31

 

Particulars

 

2023

 

 

2024

 

Financial assets measured at FVOCI

 

 

 

 

 

 

- Equity securities (unlisted)

 

 

452

 

 

 

452

 

 

 

 

 

 

 

 

Financial assets measured at FVTPL

 

 

 

 

 

 

- Equity securities (unlisted) (refer note 8 (a))

 

 

591

 

 

 

591

 

- Other securities

 

 

149

 

 

 

242

 

 

 

 

 

 

 

 

Financial assets measured at amortised cost

 

 

 

 

 

 

- Other securities

 

 

76

 

 

 

76

 

Total

 

 

1,268

 

 

 

1,361

 

 

In August 2011, the Company had invested USD 4,825 and acquired 19.98% equity interest in Le Travenues Technology Private Limited (‘Ixigo’), which owns and operates www.ixigo.com, an online travel booking platform. The investment had been classified and measured at fair value through other comprehensive income. During the year ended March 31, 2022, the Company had sold its entire stake in Ixigo for a cash consideration of USD 38,500 which represents its fair value on the date of disposal. The Company had recorded a gain of USD 33,543 in ‘other comprehensive income’ in the year ended March 31, 2022. Transaction related costs of USD 624 had been recorded in the statement of profit or loss and other comprehensive income.

Pursuant to above, the Company had transferred cumulative gain of USD 33,655 from ‘fair value reserve’ to ‘accumulated deficit’ within the equity attributable to the owners of the Company during the year ended March 31, 2022.

The Group’s exposure to risks and fair value measurement is disclosed in note 4, 5 and 34.