Chinese travel services provider Ctrip to acquire Naspers’ stake in MakeMyTrip
26 April 2019 8:50 AM GMT
MakeMyTrip Limited on Friday said that its investor Naspers Limited and Chinese travel services provider Ctrip have entered into a share exchange agreement. Under this agreement, Naspers will exchange its entire shareholding in MakeMyTrip for newly issued shares of Ctrip.
- MakeMyTrip Limited on Friday said that its investor Naspers Limited and Chinese travel services provider Ctrip have entered into a share exchange agreement.
- Under this agreement, Naspers will exchange its entire shareholding in MakeMyTrip for newly issued shares of Ctrip and Ctrip will acquire Naspers' current shareholding in MakeMyTrip.
- Ctrip will invest certain ordinary shares and class B shares of MakeMyTrip in a third-party investment entity.
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