Which online travel company has acquired rival Indian travel company Ibibo

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Yatra
B	Cleartrip
C	Travelguru
D	MakeMyTrip

Explanation:

Detailed explanation-1: -At the closing, MMYT shareholders will own 60% whereas ibibo shareholders will get a 40% stake, making Naspers and Tencent the single largest shareholder in MakeMyTrip. 5. Deep Kalra and Rajesh Magow will continue their roles as Executive Chairman and India CEO of MakeMyTrip, respectively.

Detailed explanation-2: -Ibibo Group is an online Indian travel organisation founded in January 2007 by Ashish Kashyap. The company is a subsidiary of MakeMyTrip (MMT) Limited, which owns a 100% stake in Ibibo Group.

Detailed explanation-3: -’GOIBIBO IS THE SECOND LARGEST OTA IN INDIA’

Detailed explanation-4: -Deep Kalra Founder & Chairman Deep is the Founder & Chairman of India’s leading online travel company, MakeMyTrip Limited.

Detailed explanation-5: -In a major acquisition in the travel commerce space MakeMyTrip acquired competitor ibibo Group for an estimated $1.8 billion (about Rs 12, 011.1 crore) deal.

There is 1 question to complete.