MakeMytrip, one of the leading online travel booking companies, has acquired the business of HT Group, which is engaged in the business of providing on-line hotel booking, and reservation services through its web site www.hoteltravel.com..Amarchand Mangaldas advised MakeMytrip with a team led by Partner Vidyut Gulati along with Senior Associate Siddhartha Sen and Associate Neha Yadav..International Legal Counsellors Thailand (ILCT) acted as Thai legal advisors to Makemytrip with a team led by Partner Paul A. Connelly..Axiss Legal, Thailand acted as legal advisors to HT Group with a team led by Partner Peter Burke..According to VCCircle, the acquisition will help MakeMyTrip to further strengthen its presence in the hotel and holidays segment internationally, especially in the South-east Asia, a market that comprises a good chunk of outbound travel from India..The total consideration payable to the promoters of the HT Group by MakeMyTrip is $25 million..The HT Group has its presence in Thailand, Singapore and Malaysia in the South-east Asian region, and has tie-ups with around 80,000 hotels across the globe.
MakeMytrip, one of the leading online travel booking companies, has acquired the business of HT Group, which is engaged in the business of providing on-line hotel booking, and reservation services through its web site www.hoteltravel.com..Amarchand Mangaldas advised MakeMytrip with a team led by Partner Vidyut Gulati along with Senior Associate Siddhartha Sen and Associate Neha Yadav..International Legal Counsellors Thailand (ILCT) acted as Thai legal advisors to Makemytrip with a team led by Partner Paul A. Connelly..Axiss Legal, Thailand acted as legal advisors to HT Group with a team led by Partner Peter Burke..According to VCCircle, the acquisition will help MakeMyTrip to further strengthen its presence in the hotel and holidays segment internationally, especially in the South-east Asia, a market that comprises a good chunk of outbound travel from India..The total consideration payable to the promoters of the HT Group by MakeMyTrip is $25 million..The HT Group has its presence in Thailand, Singapore and Malaysia in the South-east Asian region, and has tie-ups with around 80,000 hotels across the globe.