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MakeMyTrip Acquires S’pore-based Travel Firm For $3 Million

Leader in Indian Online Travel agency business, MakeMyTrip.com (MMT) has acquired a 79 per cent stake in Singapore-based travel agency Luxury Tours & Travels Pte Ltd (LTT) for $3 million.MMT will invest another $0.75 mn in the company, in one or more tranches until June 2012, for the subscription of new equity shares to be issued by LTT.Further, MakeMyTrip...

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