MakeMyTrip, an online travel company, on Monday said that it has signed a business transfer agreement to acquire Happay’s expense management platform from CRED for an undisclosed amount. CRED is a members-only app that...
EaseMyTrip.com forays into study tourism with acquisition of Planet Education
EaseMyTrip.com announced the approval of acquisition of Planet Education Australia, an Australia-based comprehensive education services provider making a strategic investment of 49% paid-up share capital. This strategic...
Wilson & Hughes acquires Cox & Kings, plans re-entry into travel market
Wilson & Hughes, a Singapore-based private equity firm, has acquired the 260-year-old travel brand Cox & Kings through the insolvency process. The acquisition includes over 200 sub-brands previously owned by Cox...
EaseMyTrip enters medical tourism; board approves Rs 90 crore acquisitions
Online travel platform EaseMyTrip on Tuesday announced its move into the growing medical tourism sector with the acquisition of a 49 per cent equity stake in Pflege Home Healthcare for Rs 30 crore, and a 30 per cent...
Yatra acquires Globe Travels for Rs 128 crore in cash
Yatra Online Limited announced on Monday that it has entered into a definitive agreement to acquire 100% of Globe All India Services Limited (Globe Travels), a corporate travel services provider for Rs 128 crore in cash...
Qantas to buy remaining 49% stake in TripADeal for $140.6 mln
Australia’s Qantas Airways said on Thursday it will acquire the remaining 49% stake in online travel business TripADeal for A$211 million ($140.6 million) as the airline seeks to capitalize on strong demand for...
Thomas Cook owner in advanced talks to sell brand – Sky News
Chinese tourism group Fosun is in advanced talks to sell its Thomas Cook brand to Polish online travel agent eSky, Sky News reported, citing sources. A deal with eSky, which is majority-owned by private equity firm MCI...
TBO Tek buys Jumbo’s online business to expand global footprint
General Atlantic backed global travel distribution platform TBO Tek Limited-that has filed its draft IPO papers with Sebi, told ET it has signed a deal to acquire the online business of Jumbo Tours Group of Spain...
Thomas Cook promoter Fairbridge Capital to sell 8.5% stake in the company via offer for sale
Thomas Cook Ltd, Mumbai-based travel agency, on Wednesday, said that its promoter Fairbridge Capital (Mauritius) is looking to sell up to 8.5% stake in the company through an offer for sale. According to the exchange...
NCLT orders refund of IT dues to Cox & Kings
The Mumbai bench of the National Company Law Tribunal (NCLT) has directed the income tax department to refund ₹11.89 crore to insolvent travel firm Cox & Kings. “We direct the income tax department to refund the...
Easy Trip Planners in-principally approves acquisition of certain entities
Online travel service provider Easy Trip Planners Limited, said its board of directors in-principally approved the acquisition of certain entities and companies. The board also approved the appointment of legal...
NCLT admits Ezeego One Travel under liquidation
A bankruptcy court has ordered the liquidation of Ezeego One Travel & Tours Ltd as the secured creditors of the online travel portal did not receive any viable revival plan for the company. The Mumbai bench of the...
