MakeMyTrip raising over $2.6 billion to buy back Chinese firm’s stake
US-listed Indian travel firm MakeMyTrip is raising over $2.6 billion through a concurrent sale of equity shares and convertible bonds, as it looks to buy back a portion of the stake held by China’s Trip.com Group.
According to the company’s filings with Nasdaq, MakeMyTrip plans to launch a primary offering of 14 million equity shares along with convertible bonds worth up to $1.25 billion. The final price of the equity shares is yet to be determined.
