Hotel Travel Group acquired by MakeMyTrip for USD 25 Million

Of the total $25 million, $15 million was paid partly in cash and partly in the form of MakeMyTrip shares on November 6;The acquisition will help MMT to build a stronger presence in the South-East Asia region

Travel News
Travel News

Online travel services firm MakeMyTrip India Pvt Ltd has acquired Hotel Travel Group (HT Group) for $25 million.

Of the total $25 million, $15 million was paid partly in cash and partly in the form of MakeMyTrip shares on November 6.

The balance $10 million is in the form of MakeMyTrip shares in three annual tranches through March 2016. Online travel Web site HT Group has been operating the website www.hoteltravel.com for more than a decade in South-East Asia, and its booking platform offers hotel reservation across the world.

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