Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

MakeMyTrip Buys Stake In Thai's ITC Group

Photo Credit :

Travel services firm MakeMyTrip announces acquisition of majority interest in ITC Group. Thailand-based ITC Group comprises International Tour Center Co. Ltd., ITC Bangkok co ltd. and ITC South Co. Ltd.
 
The firm has paid $2.2 million to existing shareholders for sale of shares in ITC group and paid $1 million for new shares in the group. MakeMyTrip is also set to buy remaining shares of ITC Group from existing shareholders in cash over earn-out period ending December 2016
 
(Reuters)


sentifi.com

Top themes and market attention on: