MakeMyTrip Raises $3.1 Bn To Buy Back Stake From China’s Trip.com

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SUMMARY

MakeMyTrip raised $3.1 Bn to repurchase a portion of its Class B shares from China’s Trip Group

MMT sold 18.4 Mn new ordinary shares at $90 apiece in the primary equity follow-on offering amounting to a total of $1.66 Bn

This is the largest capital infusion for any new-age tech company since Paytm’s $2.5 Bn IPO in 2021

Days after announcing plans to raise capital via a mix of convertible notes and a primary offering of shares, MakeMyTrip (MMT) has raised $3.1 Bn to repurchase a portion of its Class B shares from…



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MakeMyTrip Raises $3.1 Bn To Buy Back Stake From China’s Trip.com


SUMMARY

MakeMyTrip raised $3.1 Bn to repurchase a portion of its Class B shares from China’s Trip Group

MMT sold 18.4 Mn new ordinary shares at $90 apiece in the primary equity follow-on offering amounting to a total of $1.66 Bn

This is the largest capital infusion for any new-age tech company since Paytm’s $2.5 Bn IPO in 2021

Days after announcing plans to raise capital via a mix of convertible notes and a primary offering of shares, MakeMyTrip (MMT) has raised $3.1 Bn to repurchase a portion of its Class B shares from…



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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