MakeMyTrip and Ibibo, two of the biggest online travel platforms in India, have announced a merger that will combine the two businesses under the former’s brand, with Ibibo getting a 40% stake in the combined entity.
Naspers and Tencent through their jointly owned company are selling ibibo Group to MakeMyTrip in exchange for a 40% stake in the combined entity. The merger is expected to close by the end of 2016..
This is why is China so interested in investing in India despite a frosty relationship
by Sanjay Bansal
India has always shared a love-hate and mostly frosty relationship with its north-eastern neighbour China. There has been a fair share of bilateral turbulences over the past seven decades over territorial disputes, political support for..