RPIL acquires online travel portal BonVoyage.in

Indian online travel sites recorded a 50 per cent growth over the previous year

PTI | August 2, 2011



Residency Projects & Infratech (RPIL) on Monday said it has acquired BonVoyage.in, a Bangalore- based online travel portal for an undisclosed amount. The company has acquired a 100 per cent stake in BonVoyage.in, which is being merged into its fully owned subsidiary, Valuemart Travel Solutions Private Ltd, RPIL said in a filing to the Bombay Stock Exchange (BSE).

"With this acquisition, RPIL will extend its service offerings in the travel and hospitality sector. RPIL will also invest additional funds in BonVoyage to extend its national footprint and set up offices and travel lounges across the country," RPIL MD C K Vasudevan said in a statement.

BonVoyage provides online information, guidance and booking facilities for domestic and international air travel, holiday packages, hotels, homestays, car rentals and other travel-related services, RPIL said.

"Indian online travel sites recorded a 50 per cent growth over the previous year. This represents a huge business opportunity for the company," Vasudevan added.

Shares of Residency Projects & Infratech were trading at a high of Rs 24.55 in afternoon trade on the BSE today, up 4.87 per cent from their previous close.
 

Comments

 

Other News

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Cabinet approves viability gap funding to develop grid-scale energy storage systems

The Union Cabinet, chaired by PM Narendra Modi, has approved the Viability Gap Funding (VGF) Scheme for Development of Grid-Scale Energy Storage Systems, with a total financial support of Rs.14,500 crore for the period FY 2026-27 to FY 2030-31. The scheme aims to support the development o

Cabinet creates a pathway to absorb Agniveers in Defence Forces

An objective assessment in terms of organisational requirements and operational efficiency has brought out the outstanding performance of Agniveers in terms of skills, motivation levels, physical fitness and technological prowess. As envisaged earlier, based on merit, 25% of Agniveers will be offered reg

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter