BRIEF-Ctrip.com says will invest $180 mln in Makemytrip Ltd

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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