Online travel platform EaseMyTrip on Tuesday announced its move into the growing medical tourism sector with the acquisition of a 49 per cent equity stake in Pflege Home Healthcare for Rs 30 crore, and a 30 per cent...
Yatra acquires Globe Travels for Rs 128 crore in cash
Yatra Online Limited announced on Monday that it has entered into a definitive agreement to acquire 100% of Globe All India Services Limited (Globe Travels), a corporate travel services provider for Rs 128 crore in cash...
Qantas to buy remaining 49% stake in TripADeal for $140.6 mln
Australia’s Qantas Airways said on Thursday it will acquire the remaining 49% stake in online travel business TripADeal for A$211 million ($140.6 million) as the airline seeks to capitalize on strong demand for...
Thomas Cook owner in advanced talks to sell brand – Sky News
Chinese tourism group Fosun is in advanced talks to sell its Thomas Cook brand to Polish online travel agent eSky, Sky News reported, citing sources. A deal with eSky, which is majority-owned by private equity firm MCI...
TBO Tek buys Jumbo’s online business to expand global footprint
General Atlantic backed global travel distribution platform TBO Tek Limited-that has filed its draft IPO papers with Sebi, told ET it has signed a deal to acquire the online business of Jumbo Tours Group of Spain...
Thomas Cook promoter Fairbridge Capital to sell 8.5% stake in the company via offer for sale
Thomas Cook Ltd, Mumbai-based travel agency, on Wednesday, said that its promoter Fairbridge Capital (Mauritius) is looking to sell up to 8.5% stake in the company through an offer for sale. According to the exchange...
NCLT orders refund of IT dues to Cox & Kings
The Mumbai bench of the National Company Law Tribunal (NCLT) has directed the income tax department to refund ₹11.89 crore to insolvent travel firm Cox & Kings. “We direct the income tax department to refund the...
Easy Trip Planners in-principally approves acquisition of certain entities
Online travel service provider Easy Trip Planners Limited, said its board of directors in-principally approved the acquisition of certain entities and companies. The board also approved the appointment of legal...
NCLT admits Ezeego One Travel under liquidation
A bankruptcy court has ordered the liquidation of Ezeego One Travel & Tours Ltd as the secured creditors of the online travel portal did not receive any viable revival plan for the company. The Mumbai bench of the...
EaseMyTrip eyes more acquisitions to expand business
Online travel platform EaseMyTrip is betting on inorganic growth opportunities and will acquire more companies in the travel segment to expand its footprint, chief operating officer Lokendra Saini said. “We are in...
DER Touristik in advanced talks to take over rival FTI – Handelsblatt
Germany’s tour operator DER Touristik, a unit of retail group REWE, is in advanced negotiations regarding a takeover of Munich-based rival FTI, daily Handelsblatt reported on Thursday citing people familiar with...
Govt to sell up to 5% stake in IRCTC via OFS; floor price fixed at Rs 680/share
The government will sell up to 5% stake in the Indian Railway Catering and Tourism Corporation (IRCTC) through an offer for sale (OFS) on the exchanges on Thursday and Friday. Up to 4,00,00,000 shares will be offered in...
