Ctrip to exchange shares in MakeMyTrip with Naspers.

China’s Ctrip, the world’s second largest online travel company, increased its ownership in Indian online travel company MakeMyTrip to 49%, in a deal which is an exit for early investor South Africa-based media group Naspers. Post the transaction, Naspers will own approximately 5.6% of Ctrip's outstanding ordinary shares, and Ctrip and the third-party investment entity will own ordinary shares and class B shares of MakeMyTrip, representing about 49% and 4% of MakeMyTrip's total voting power, respectively. "Over the past years we have witnessed the great achievements of MakeMyTrip, and we are confident that MakeMyTrip will extend its success in the future," said James Liang, Co-founder and Executive Chairman of Ctrip. "We are also delighted to welcome Naspers to become our shareholder. Ctrip will continue to work hard to create greater value to our customers, our partners and all shareholders," Jane Sun, CEO of Ctrip commented.