MakeMyTrip has announced that it has agreed to acquire ibibo Group in an equity deal. Upon closing the acquisition, MakeMyTrip will own 100 per cent of ibibo Group. The latest move will help MakeMyTrip compete against rivals Yatra and Cleartrip. Naspers and Tencent will become the single largest shareholder in MakeMyTrip, owning a 40% stake and will contribute …
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