MakeMyTrip announces acquisition of majority interest in ITC Group

Tue Nov 27, 2012 3:01am IST

Related Topics

Stocks

   

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

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Popularity Poll

Reuters Showcase

'Small Incident'

Arun Jaitley stirs anger by making light of Delhi rape case.  Full Article 

Arrested Again

Arrested Again

Hunger striking activist Irom Sharmila re-arrested - police.  Full Article 

Drop By Drop

Drop By Drop

Kerala, India's wettest state, to go dry - in 10 years.  Full Article 

New Adviser

New Adviser

Arvind Subramanian likely to be chief econ adviser.  Full Article 

South Asia in Photos

South Asia in Photos

First pictures of Taj Mahal to ‘Hairy family of Burma’: subcontinent photos from 1850-1910.  Full Article 

Day of Mourning

Day of Mourning

Malaysia mourns as bodies of MH17 victims finally come home.  Full Article 

Ukraine Crisis

Ukraine Crisis

Moscow defies Kiev, orders aid convoy onto Ukrainian soil.  Full Article 

Film Review

Film Review

‘Katiyabaaz’ turns banal reality into gripping tale.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage