Chinese travel company Ctrip International will become the largest stakeholder in homegrown online travel operator MakeMyTrip (MMT) after South African tech and internet conglomerate Naspers sells its stake in the Gurgaon-based, Nasdaq-listed company in a shareswap deal. The resulting stake in Ctrip will give Naspers exposure to one of the global leaders in the online travel industry, with deep industry expertise and technology.

(Economic Times)