MakeMyTrip Ltd (MMYT.OQ)
9 Dec 2016
Latest Key Developments (Source: Significant Developments)
Ctrip.com International Ltd:Says will invest US$180 million in MakeMyTrip Limited.In addition, MakeMyTrip has granted Ctrip permission to acquire MakeMyTrip shares in the open market, so that combined with shares convertible under the convertible bonds, Ctrip may beneficially own up to 26.6% of MakeMyTrip's outstanding shares. Full Article
Makemytrip Ltd:Expects FY 2016 revenue less service cost with constant currency growth range of 22-26 pct.Reported revenue of $138 mln in FY 2015.FY 2016 revenue of $176 mln - Thomson Reuters I/B/E/S. Full Article
Makemytrip Ltd:To acquire Mygola.com and its assets.Entire Mygola team will join the MakeMyTrip family and focus on cutting-edge innovation in online travel. Full Article
Makemytrip Ltd:Increases FY 2015 net revenue constant currency growth guidance to a range of 30 to 31 pct or $137 to $138 mln at an estimated average currency rate of 61 Indian rupees to a dollar.FY 2015 revenue of $138 mln - Thomson Reuters I/B/E/S. Full Article
Oct 18 India's oldest travel website operator MakeMyTrip Ltd said it would buy rival ibibo Group to create the biggest player in the fast-growing flight, hotel and bus bookings market in the country.