MakeMyTrip to acquire a majority stake in Savaari Car Rentals.

MakeMyTrip, a travel services provider, agreed to acquire a majority stake in Savaari Car Rentals, a car rental services provider. Financial terms were not disclosed. “Currently, intercity cabs is a highly unorganized and fragmented market and with road infrastructure improving in the country, it presents a good future growth opportunity. So we have decided to strengthen this line of our business,” Rajesh Magow, MakeMyTrip Co-Founder and CEO.