Online travel platform EaseMyTrip is betting on inorganic growth opportunities and will acquire more companies in the travel segment to expand its footprint, chief operating officer Lokendra Saini said. “We are in...
DER Touristik in advanced talks to take over rival FTI – Handelsblatt
Germany’s tour operator DER Touristik, a unit of retail group REWE, is in advanced negotiations regarding a takeover of Munich-based rival FTI, daily Handelsblatt reported on Thursday citing people familiar with...
Govt to sell up to 5% stake in IRCTC via OFS; floor price fixed at Rs 680/share
The government will sell up to 5% stake in the Indian Railway Catering and Tourism Corporation (IRCTC) through an offer for sale (OFS) on the exchanges on Thursday and Friday. Up to 4,00,00,000 shares will be offered in...
BookMyShow makes strategic investment in TribeVibe for majority stake
BookMyShow, an online ticketing and entertainment platform, has made a strategic investment for a majority stake in TribeVibe, a one-stop solution for college festival entertainment. The size of the deal or other...
Mahindra Holidays To Raise Stakes In Rocksport In 3 Tranches
Mahindra Holidays & Resorts India on Sunday announced an additional subscription of equity shares in Great Rocksport Private Limited (“Rocksport”), a company that is engaged in the business of soft adventure...
TripMoney acquires majority stake in BookMyForex
TripMoney, MakeMyTrip’s fintech arm, has acquired a majority stake in BookMyForex, a forex services provider. “With this investment, BookMyForex’s suite of services, including currency exchange that offers real-time...
Flipkart sells Cleartrip’s Middle East business to Wego
Wego, the leading online travel marketplace in the MENA (Middle-East and North African) region today announced that it has signed a definitive agreement with the India’s homegrown e-commerce platform Flipkart to...
NCLAT stays penalty on Writer Business Services by NCLT in Cox & Kings’ RP’s plea
The National Company Law Appellate Tribunal (NCLAT) has stayed the order of the National Company Law Tribunal (NCLT) imposing a fine of Rs 20 lakh on Writer Business Services Pvt Ltd. The penalty was imposed for...
Booking to buy Swedish travel agency Etraveli for $1.83 billion
Online travel agency Booking Holdings Inc on Tuesday said it would acquire Sweden-based Etraveli Group for about 1.63 billion euros ($1.83 billion), its second major deal this month. Etraveli, currently owned by private...
MakeMyTrip & Amazon Pay announce strategic partnership
Amazon Pay and MakeMyTrip India, a fully owned subsidiary of MakeMyTrip Limited have announced a ‘strategic’ long-term partnership to offer travel services on Amazon.in which includes its suite of mobile...
Ixigo buys AbhiBus in cash and stock deal
Le Travenues Technology Limited, which operates travel platform ixigo, on Thursday announced that it has acquired bus ticketing and aggregation platform AbhiBus. The size of the deal has not been disclosed. The slump...
M&M to increase stake in Meru to 100%, Pravin Shah to take over as new CEO
Mahindra and Mahindra Ltd (M&M) said that it has agreed to buy the shares it didn’t already own in Meru Travel Solutions Pvt. Ltd (Meru) from existing shareholders. This would take M&M’s stake in Meru to 100%...
