MakeMyTrip.com eyes acquisitions
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Online travel company MakeMyTrip.com is exploring further acquisitions to shore up revenues and expand its international footprint. The Business Standard reported a MakeMyTrip spokesperson as saying that the company now planned to use funds it raised during the initial public offering (IPO) and follow-on offering on mergers and acquisitions largely. “We are exploring opportunities to acquire travel firms. Along with picking up a 79% stake in Singapore based Luxury tours, we also acquired 19% in online travel search iXiGO.com last month,” said the spokesperson.
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