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Stock Market & Financial Investment News

News Breaks
November 6, 2012
09:23 EDTMMYTMakeMyTrip acquires complete stake in HT Group
MakeMyTrip said it has acquired complete stake in the companies in the 'Hotel Travel Group'. HT Group has been operating the website www.hoteltravel.com for more than a decade and has its presence in Thailand, Singapore and Malaysia, the company said. The total consideration payable to the Promoters of the HT Group by MakeMyTrip for acquiring the HT Group is $25M, of which $15M was paid partly in cash and partly in the form of MakeMyTrip shares in the first closing that occurred on November 6. The balance $10M is agreed to be paid in the form of MakeMyTrip shares, in 3 annual tranches through March 2016. Two of the Promoters of the HT Group will continue in employment with the HT Group in key capacities, and will be eligible for additional earn outs and incentives for the next 3 4 years based on HT Group meeting certain revenue and EBIDTA targets. The additional earn outs can raise to $35M and are payable partly in cash and partly in the form of MakeMyTrip shares.
News For MMYT From The Last 14 Days
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October 10, 2014
07:20 EDTMMYTMakeMyTrip pullback creates buying opportunity, says Oppenheimer
Oppenheimer says yesterday's 10% pullback in shares of MakeMyTrip creates a buying opportunity. The firm believes the positive catalyst from the Online travel sector in India is in the "early innings." It reiterates an Outperform rating on MakeMyTrip with a $32 price target.
October 9, 2014
15:46 EDTMMYTMakeMyTrip volatility increases on wide share price movement
MakeMyTrip October put option implied volatility is at 71, November is a 65, February is at 61; compared to its 26-week average of 54 according to Track Data, suggesting large price movement.
15:40 EDTMMYTMakeMyTrip quickly drops over 15% to $22.67
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