October 18, 2016 / 2:07 PM / a year ago

India-based MakeMyTrip to buy rival ibibo Group

Oct 18 (Reuters) - India-based travel website operator MakeMyTrip Ltd said it would buy rival ibibo Group to capture a larger share of the rapidly growing travel industry in India.

Ibibo, owned by South Africa-based technology group Naspers Ltd and China’s Tencent Holdings Ltd, operates brands such as goibibo and redBus. (Reporting by Ankit Ajmera in Bengaluru; Editing by Savio D‘Souza)

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