Bennett, Coleman & Co Ltd (BCCL) has acquired a stake in Travel Masti Holidays Private Ltd, a company which provides internet-based travel related services to domestic and inbound tourists and corporates for their conferences.
The portal, www.travelmasti.com, offers hotel reservations and information on various hotels and resorts and is in the process of expanding into other premium services, such as hotel representation services and travel agency transactions business.
According to Travel Masti Holidays COO Manan Aggarwal, “BCCL and Travel Masti are a perfect fit for each other. BCCL’s presence as shareholders will bring in tremendous value and help Travel Masti in it’s quest to take it’s business to the next level.
Our association with BCCL has come at the right time and would prove to be an important milestone in the life of our company.” The current business mix comprises domestic clients (60%), inbound clients (25%) and corporate conference clients (15%). (ET)