says will invest $180 mln in Makemytrip Ltd

  • Reuters
  • Stock Market News says will invest $180 mln in Makemytrip Ltd
Credit: © Reuters.

Jan 7 (Reuters) - Ctrip.Com International Ltd CTRP.O :

* Ctrip announces investment in Makemytrip

* Says will invest US$180 million in Makemytrip Limited

* Upon completion of the investment, Ctrip will acquire the right to appoint a

director to the Makemytrip board of directors

* Ctrip may beneficially own up to 26.6% of makemytrip's outstanding shares

* Says in addition, Makemytrip has granted Ctrip permission to acquire

Makemytrip shares in the open market

* Will invest in Makemytrip via convertible bonds

Source text for Eikon Further company coverage CTRP.O

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