ctrip stake in makemytrip

1. Ctrip.com International, Ltd. announced a share exchange transaction with Naspers Limited, pursuant to which Naspers will exchange its stake in MakeMyTrip Limited for newly issued shares in Ctrip. This will alert our moderators to take action. 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. Businesses like this will have personal identification details and ownership of such data by foreign companies can be a security risk. Users can also access other travel-related services like visa processing and travel insurance that are provided by third party vendors . Airline. Ctrip buys stake in MakeMyTrip. Customers provide passport details and contact information. Ctrip has acquired the additional stake in MMT in a swap deal with South Africa-based Naspers which received a 5.6% stake in Ctrip in exchange. New York, April 26, 2019 (GLOBE NEWSWIRE) - New York and New Delhi, April 26th, 2019 MakeMyTrip Limited (Nasdaq: MMYT) (“MakeMyTrip”) today announced a change in the company’s shareholding as Naspers Limited (“Naspers”) and Ctrip.com International, Ltd. (Nasdaq: CTRP) (“Ctrip”) entered into a share exchange transaction agreement. It didn’t disclose financial details. Mes su savo partneriais saugosime ir (arba) turėsime prieigą prie informacijos jūsų įrenginyje naudodami slapukus ir panašias technologijas, kad galėtume rodyti suasmenintas reklamas ir turinį, vertinti reklamas ir turinį, matuoti auditoriją ir kurti produktus. Post-transaction, Ctrip.com — an existing stakeholder in MMT — will increase its stake in the Indian travel company to 49 per cent. Days Trial Ctrip has given up almost 6% of its shares in order to gain a 49% stake in MakeMyTrip, the Indian online travel agency where it's had an interest since 2016. The Passage: How does Ctrip's 49% stake in MakeMyTrip change things for the company? Ctrip announced the transaction on April 26. In a statement, MakeMyTrip said the two strategic investors had entered into a share exchange agreement. MakeMyTrip. Bengaluru: Ctrip.com, China's largest travel site, is buying a stake in India's largest travel portal MakeMyTrip for $180 million (around Rs 1,200 crore) via convertible bonds, which will allow it to tap into the growing base of Indian consumers who use smartphones to book tickets and holidays. Ctrip will own around 49% of MakeMyTrip's total voting rights. It’s been an eventful year for India’s largest online travel agent (OTA), MakeMyTrip. Naspers has swapped its interest in MakeMyTrip for a 5.6% stake in China's Ctrip.com International in a move that will broaden its online travel exposure while deepening Ctrip's ownership of the Indian company. The company's market capitalisation stood at $687 million after the deal. It also allows MakeMyTrip to benefit from Ctrip’s significant global scale. Ctrip.com International Ltd, China's largest online travel agency, is investing $180 million for a quarter share in its Indian counterpart MakeMyTrip Ltd. Naspers announced today an exchange of its stake in MakeMyTrip Limited (“MakeMyTrip”) (NASDAQ:MMYT) for a 5.6% stake in Ctrip.com International Limited (“Ctrip”) (NASDAQ:CTRP), a well-known provider of online travel and related services headquartered in China. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion, Naspers exits MakeMyTrip, leaves Ctrip largest stakeholder in portal. Entire country is divided into two groups - one is out to blame Modi and the second to defend Modi. Your Reason has been Reported to the admin. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Ctrip holds nearly half of the Indian online travel firm after this acquisition. Naspers leaves MakeMyTrip, Ctrip largest stakeholder in portal now. Let's reshape it today, Hunt for the brightest engineers in India, Choose your reason below and click on the Report button. Inciting hatred against a certain community, 15 And in late April, Ctrip gained a 49% stake in MakeMyTrip following a share exchange agreement with Naspers. Informacija apie jūsų įrenginį ir interneto ryšį, įskaitant jūsų IP adresą, Naršymas ir paieška naudojantis „Verizon Media“ svetainėmis ir programomis. The investment in MakeMyTrip follows a deal signed late last year that led to Ctrip acquiring a 45% stake in its Chinese rival, Qunar. Ctrip already held a stake in the Gurugram-based company through a $180 million investment in 2016. So it has been a long-standing relationship. Business Travel. Norėdami leisti „Verizon Media“ ir mūsų partneriams tvarkyti jūsų asmens duomenis, pasirinkite „Sutinku“ arba pasirinkite „Tvarkyti nuostatas“, jei norite gauti daugiau informacijos ir valdyti savo pasirinkimus. Post-transaction, Ctrip.com -- an existing stakeholder in MMT -- will increase its stake in the Indian travel company to 49 per cent. In 2016, Naspers and China's Tencent, which owned 91% and 9% … Jane Sun, the CEO right now, used to be the CFO in 2010. Finance. MakeMyTrip has transformed travel in India and beyond since 2000. Chinese travel services company Ctrip.com International will become the largest shareholder in MakeMyTrip by buying South African technology conglomerate Naspers’ entire stake in the Nasdaq-listed travel portal. Ctrip. In fact, around the time of the IPO, they were keen to come on board. The transaction values MMT at over $2.57 billion based on Ctrip share price early on Tuesday. MakeMyTrip Limited on Friday said that its investor Naspers Limited and Chinese travel services provider Ctrip have entered into a share exchange agreement. Online Travel Agency. Travel Booking. The team has not changed either. Hotel. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Ctrip first picked up a 15% stake in MakeMyTrip for $180 million in January 2016 with plans to increase its shareholding to 26% through market purchases. While Naspers took a 5.6% stake in Ctrip in exchange, the deal valued MakeMyTrip at over USD2.57 billion. MakeMyTrip was founded by Deep Kalra, Keyur Joshi and Rajesh Magow in 2000. The share exchange transaction allows Ctrip to enjoy a larger exposure to the India travel market and benefit from the … Ctrip has acquired the additional stake in MakeMyTrip in a swap deal with South Africa-based Naspers which received a 5.6% stake in Ctrip in exchange. MakeMyTrip revenue and bookings up more than 25%, operating losses down more More on Distribution. MakeMyTrip - Business Model and Revenue Model . New Delhi: Chinese travel company Ctrip International will become the largest stakeholder in homegrown online travel operator MakeMyTrip (MMT) after South African tech and internet conglomerate Naspers sells its stake in the Gurgaon-based, Nasdaq-listed company in a shareswap deal. On paper, each stake is worth around $1.3 billion. Both Ctrip and MakeMyTrip are listed on the Nasdaq. 2016-01-09 11:51 China Daily Editor: Huang Mingrui. Concurrent with the share exchange, Ctrip will invest certain ordinary shares and class B shares of MakeMyTrip in a third-party investment entity. Somebody will work and make the opportunity theirs. MakeMyTrip stakeholder, Ctrip.com is increasing its stake in the Indian travel company, bring its portion to 49 percent The Competition Commission of India (CCI) has approved the acquisition of additional shares of MakeMyTrip (MMT) by Chinese travel giant Ctrip.com International. For reprint rights: Hedging risks: In a world without travel, MakeMyTrip is diversifying, MakeMyTrip launches Special Bubble Holidays to give a 'safe and all-inclusive' option to travelers, MakeMyTrip and Meru join hands to provide journey to air travellers, MakeMyTrip partners with hotels to launch online gourmet delivery service. „TechCrunch“ yra „Verizon Media“ dalis. Revenue managers who play a pivotal role in … Ground Transportation. While Ctrip has a market capitalisation of more than $24 billion, MakeMyTrip is about a tenth of the Chinese company’s size on this metric but remains the market leader in India. We are falling prey to chinese money and tech superiority, look at Tik-Tok the latest chinese video two out of three users are indians, five out of ten big aps in india are chinese,we speak only of nationalism do nothing ,to feed our tech hungry children. The Share Exchange Transaction allows Ctrip to enjoy a larger exposure to the India travel market and benefit from the growth of MakeMyTrip. But Ctrip’s shareholding fell after MakeMyTrip announced a stock merger with Ibibo, which was owned by Naspers. 15 In a tweet, the CCI on Tuesday said it "approves acquisition of additional outstanding voting securities of MakeMyTrip Limited by Ctrip.com International Limited". +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Galite bet kuriuo metu keisti savo pasirinkimus puslapyje „Jūsų privatumo valdymo funkcijos“. For one thing, it isn’t really all that Indian anymore after Chinese travel giant Ctrip, a stakeholder in the company since 2016, acquired a controlling stake in the company through a share … Ctrip, Prosus & Naspers: Relevant read: MakeMyTrip revenue scales to over 25% in Q2. Tomorrow is different. Ctrip holds nearly half of the Indian online travel firm after this acquisition. Online travel major sets sights on burgeoning Indian tourism market. Ctrip and Naspers invested $330 million in MakeMyTrip around two years ago. MakeMyTrip has a current market cap of $2.69 billion while Ctrip’s current share price gives it an overall valuation of $23.5 billion. Rajesh Magow: Ctrip had been monitoring MakeMyTrip’s story even before they invested in us. Ctrip.com, China's largest travel site, is buying a stake in India's largest travel portal MakeMyTrip for $180 million (around Rs 1,200 crore) via convertible bonds, which will allow it to tap into the growing base of Indian consumers who use smartphones to book tickets and holidays. The Birth of a New Beginning During a Pandemic. The share exchange has come about following an agreement with one of MakeMyTrip's investors, Naspers. Distribution. 9/19/2019 11:32:23 PM. Days Trial. In a tweet, the CCI on Tuesday said it "approves the acquisition of additional outstanding voting securities of MakeMyTrip Limited by Ctrip.com International Limited". South Africa-based Naspers has decided to sell its entire stake in MakeMyTrip to the Chinese travel company Ctrip International in a share swap deal. Date. The transaction values MakeMyTrip at over USD 2.57 billion based on Ctrip share price early on Tuesday. Chinese travel company Ctrip International will become the largest stakeholder in homegrown online travel operator MakeMyTrip (MMT) after South African tech and internet conglomerate Naspers sells its stake in the Gurgaon-based, Nasdaq-listed company in a share-swap deal. MakeMyTrip’s market capitalization is around $2.69 billion, whereas that of Ctrip is at $23.5 billion. The Shanghai-based travel services provider has reportedly acquired the additional stake in the Indian firm in a swap deal with South Africa-based media company Naspers. Daugiau informacijos apie tai, kaip naudojame jūsų informaciją, rasite mūsų privatumo taisyklėse ir slapukų taisyklėse. Ctrip to Take Major Stake in India's MakeMyTrip Via Share Swap (Yicai Global) April 29 -- Ctrip.Com International, China's largest travel agency, aims to become Indian travel booker MakeMyTrip's largest shareholder via a stock swap, which may spur the Chinese firm's expansion in the Indian market. MakeMyTrip lets users book air tickets, bus tickets, buy holiday packages, book hotel accommodations, and hire vehicles. Naspers will sell its entire stake in MakeMyTrip to Chinese travel services provider Ctrip.com International Ltd, MakeMyTrip said in a statement on Friday. With the share exchange, Ctrip largest stakeholder in portal now more than 25 % in Q2 are listed the. Tourism market USD2.57 billion early on Tuesday Ctrip already held a stake in the Indian travel. Ir paieška naudojantis „ Verizon Media “ dalis CFO in 2010 slapukų.... At $ 687 million after the deal Report button Naspers Limited and Chinese travel services Ctrip. Transformed travel in India, Choose your reason below and click on the Report button holiday,! Worth ₹1499 & ₹999 resp ordinary shares and class B shares of MakeMyTrip total... Naspers leaves MakeMyTrip, Ctrip gained a 49 % of MakeMyTrip 's investors,.! Privatumo valdymo funkcijos “ $ 687 million after the deal valued MakeMyTrip over. 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New Beginning During a Pandemic 2.57 billion based on Ctrip share price early Tuesday.

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