Ctrip increases stake in India travel site MakeMyTrip in Naspers deal · TechNode

Ctrip increases stake in India travel site MakeMyTrip in Naspers deal · TechNode
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  • Ctrip increases stake in India travel site MakeMyTrip in Naspers deal
  • Chinese online travel company Ctrip is doubling its bet on the Indian travel market by increasing its share in the online travel site MakeMyTrip through an exchange with technology investor Naspers, according to a statement from the company released Friday.
  • The company increased its ownership by entering a share swap deal with Naspers, the South African tech and internet conglomerate, which will exchange its stake in MakeMyTrip for newly issued shares in Ctrip.
  • "Through this investment, we can gain more exposure to the fast-growing India travel market and benefit from the growth of the company," Michelle Qi, Ctrip's senior investor relations director, told TechNode.


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