MakeMyTrip, a travel platform listed on NASDAQ, is considering an initial public offering (IPO) for its India operations. This strategic listing would allow the company to tap into domestic capital markets and strengthen its position in its core market—India. This represents the Gurugram-based company’s second attempt to list in India in the past five years.
The decision to list in India comes at a time when MakeMyTrip’s market cap has dropped from $10 billion to $4.5 billion over the past six months. Analysts say that weaker demand in specific…

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