MakeMyTrip To Pay $3 Bn To Repurchase Stake: Trip.Com Group

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SUMMARY

Trip.com expects the transaction to be completed by early July 2025, adding that it will retain ownership of nearly 16.90% stake in MakeMyTrip’s post the deal

Just last week, MMT raised $3.1 Bn to repurchase a portion of its Class B shares from Trip Group

This comes a month after rival EaseMyTrip’s cofounder Nishant Pitti alleged that MMT may expose the data of Indian soldiers who use the platform due to its Chinese ownership

Nasdaq-listed online travel aggregator (OTA) MakeMyTrip (MMT) will pay nearly $3 Bn to…



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MakeMyTrip To Pay $3 Bn To Repurchase Stake: Trip.Com Group


SUMMARY

Trip.com expects the transaction to be completed by early July 2025, adding that it will retain ownership of nearly 16.90% stake in MakeMyTrip’s post the deal

Just last week, MMT raised $3.1 Bn to repurchase a portion of its Class B shares from Trip Group

This comes a month after rival EaseMyTrip’s cofounder Nishant Pitti alleged that MMT may expose the data of Indian soldiers who use the platform due to its Chinese ownership

Nasdaq-listed online travel aggregator (OTA) MakeMyTrip (MMT) will pay nearly $3 Bn to…



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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