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:

Banking

REUTERS SHOWCASE

OPEC Oil Talks

OPEC Oil Talks

Saudi, Russia pre-OPEC talks yield no oil output cut  Full Article 

SAARC Summit

SAARC Summit

China looms over SAARC summit in the Himalayas  Full Article 

Microsoft in China

Microsoft in China

Microsoft to pay China $140 million for 'tax evasion'   Full Article 

Reuters India Mobile

Reuters India Mobile

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