NEW DELHI / MUMBAI: Chinese online travel major Ctrip.com International has agreed to invest $180 million (Rs 1,204 crore) in India’s largest online travel company, Nasdaq-listed MakeMyTrip.com, the latest instance of Chinese strategic capital backing an Indian consumer internet venture. The investment, which has been made via five-year convertible bonds, will, upon conversion, see Ctrip own about 15%-16% in Gurgaon-based MakeMyTrip.com. Additionally, the Chinese company, whi .. Read more at: http://economictimes.indiatimes.com/articleshow/50488680.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesChinese online travel major Ctrip.com International to invest Rs 1204 crore in MakeMyTrip
Industry: Travel & Tourism 2016-01-08
