Online travel agency MakeMyTrip has said that it plans to raise up to $3 billion to repurchase shares from one of its key stakeholders, China-based Trip.com, according to a filing with the New York’s Nasdaq stock exchange.The funds will be raised through a combination of equity and convertible senior notes, the company said.“We are offering 14,000,000 ordinary shares, par value $0.0005 per share in this offering. Our ordinary shares are listed on the Nasdaq Global Market under the symbol ‘MMYT.’ We will receive all of the net proceeds from this offering,” the 16 June filing stated.Also Read | Why MakeMyTrip’s CEO sees India’s soaring aviation sector hitting a road bumpThe issue of 14 million shares could also be increased to 16.1 million shares, the company added.The shares were trading at $92-100 apiece over the past two trading days before publishing, which could bring in over $1.2-1.6 billion in proceeds. “Concurrently with this offering, we are offering, US $1.25 billion aggregate principal amount of convertible senior notes, plus up to US $187.5 million aggregate principal amount of our convertible senior notes…”MakeMyTrip did not respond to a request for comment.The company will use all proceeds from the equity and notes offering to repurchase Class B shares from Trip.com, with the goal of reducing the Chinese company’s voting power from 45.34% to 19.99%.Also Read | MakeMyTrip’s Q4 net profit stands at $29 million, shares down 1.23%“On June 16, 2025, we entered into a share repurchase agreement with Trip.com pursuant to which Trip.com has agreed to sell, and we have agreed to purchase, a portion of the Class B Shares at a price per share equal to the Repurchase Price. Although we and Trip.com intend to reduce Trip.com’s total voting power in our company to 19.99% following our purchase of Class B Shares from Trip.com pursuant to the terms of the share repurchase agreement, there is no assurance that Trip.com’s voting power will be reduced in such manner,” the company said.Also Read | EaseMyTrip’s Nishant Pitti alleges ‘Chinese influence’ on MakeMyTrip in new postMakeMyTrip (MMT) is an online travel company that was founded in 2000 by Deep Kalra. It provides various travel-related services such as flight bookings, hotel reservations, holiday packages, and more, with the goal of simplifying travel planning for consumers. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
MakeMyTrip plans to raise as much as $3 billion for the purpose of repurchasing Trip. the company’s ownership interest in com
