MakeMyTrip Limited (MMYT), ibibo Group to Consolidate Indian Travel Businesses
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MakeMyTrip Limited and ibibo Group Announce Transaction to Consolidate their Indian Travel Businesses
October 18, 2016 9:45 AM EDTNEW DELHI & NEW YORK & CAPE TOWN, South Africa--(BUSINESS WIRE)-- Two leading travel groups in India, MakeMyTrip Limited (NASDAQ: MMYT) and ibibo Group (owned by global technology group Naspers Limited (JSE: NPN.SJ and LSE: NPSN)), have agreed to pursue a transaction that will combine the two businesses under MMYT, creating one of the leading travel groups in India that provides a one-stop shop for all Indian travellers and serves as a critical partner for travel industry suppliers.
The combination will bring together a bouquet of leading consumer travel brands, including MakeMyTrip,... More
