MakeMyTrip To Raise Over $2 Bn To Reduce Chinese Ownership

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Weeks after EaseMyTrip founder and chairman Nishant Pitti highlighted Chinese ownership in MakeMyTrip, the Nasdaq-listed company has now proposed to raise over $2 Bn to buy back stake from its Chinese investor Trip.com Group Limited. 

The company will raise the capital via senior notes and primary offering:

— It plans to raise $1.25 Bn via convertible senior notes due 2030 which will be offered to qualified institutional buyers (QIBs). The notes will be convertible into ordinary shares, at the option of the holders, at any time prior to the…



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MakeMyTrip To Raise Over $2 Bn To Reduce Chinese Ownership


Weeks after EaseMyTrip founder and chairman Nishant Pitti highlighted Chinese ownership in MakeMyTrip, the Nasdaq-listed company has now proposed to raise over $2 Bn to buy back stake from its Chinese investor Trip.com Group Limited. 

The company will raise the capital via senior notes and primary offering:

— It plans to raise $1.25 Bn via convertible senior notes due 2030 which will be offered to qualified institutional buyers (QIBs). The notes will be convertible into ordinary shares, at the option of the holders, at any time prior to the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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