Latham & Watkins and S&R Associates have advised Indian travel website MakeMyTrip on its 48.15-billion-rupee ($720 million) acquisition of rival ibibo Group, which was represented by Cravath, Swaine & Moore and Trilegal.

The all-stock deal creates the biggest player in India’s fast-growing flight, hotel and bus bookings market, with the combined company valued at $1.5 billion, according to Reuters.

S&R Associates team was led by partners Rajat Sethi, Sandip Bhagat and Radhika Iyer. The Trilegal team was represented by partners Nikhil Narendran and Yogesh Singh.

The deal will add popular online ticketing websites such as, goibibo.com and redbus.com, to MakeMyTrip's portfolio, which owns the flagship brand and the alternate accommodation site Rightstay.

South Africa-based Naspers Ltd is the majority owner of ibibo, with a 91 percent stake, with the rest being owned by China's Tencent Holdings Ltd.