Corporate Nov 27, 2012
REUTERS - MakeMyTrip Ltd (MMYT.O):
- Announces acquisition of majority interest in ITC Group
-ITC Group comprises of International Tour Center Co. Ltd., ITC Bangkok co ltd. and ITC South Co. Ltd
-Paid $2.2 million to existing shareholders for sale of shares in ITC
group, paid $1 million for new shares in the group
-To buy remaining shares of ITC Group from existing shareholders in cash over earn-out period ending December 2016
More From Firstbiz Staff.