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MakeMyTrip announces acquisition of majority interest in ITC Group
REUTERS - MakeMyTrip Ltd (MMYT.O):
- Announces acquisition of majority interest in ITC Group
-ITC Group comprises of International Tour Center Co. Ltd., ITC Bangkok co ltd. and ITC South Co. Ltd
-Paid $2.2 million to existing shareholders for sale of shares in ITC
group, paid $1 million for new shares in the group
-To buy remaining shares of ITC Group from existing shareholders in cash over earn-out period ending December 2016
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