“China’s largest online travel agency now owns nearly half of India’s largest travel e-portal, MakeMyTrip, after a share-swap deal with South African internet giant Naspers Ltd,” reported Mint . Trilegal advised Naspers led by partner Yogesh Singh . National competition practice head and partner Nis...

“Online travel firm MakeMyTrip Ltd has agreed to buy Ibibo Group’s travel business in India in an all-stock deal, creating the country’s largest online travel firm which, according to a note by Morgan Stanley, is worth $1.8 billion. The deal value wasn’t announced, but the $1.8 billion valuation and the fact that Ibibo’s owners, Naspers and Tencent, end up with a 40% stake in the merged entity, translate into a transaction worth $720 million. Naspers owns a third of Tencent, its most valuable investment.” reported Mint.

Crawford Bayley, AZB & Partners and Covington Burling advised Mumbai-based Famy Care on the $800m (Rs 4,944 crore) acquisition of its female contraceptives business by the world’s second largest drug maker Mylan. Mylan was advised by Luthra & Luthra and Cravath Swaine & Moore. Platinu...