MakeMyTrip India arm gets Sebi nod for IPO
In short
MakeMyTrip’s India subsidiary got Sebi approval to launch an IPO. The company had filed draft papers in July through the confidential route, and Sebi gave its final observations on November 6.
This moves the travel platform closer to a public issue in India. It can now continue IPO preparations if it meets the required rules.
What the reporting says
MakeMyTrip’s India subsidiary received Sebi approval to launch an initial public offering, according to an update on the regulator’s website on Monday. MakeMyTrip (India) Ltd had filed draft papers in July through the confidential route, and Sebi issued its final observations on November 6 after reviewing them. The approval lets the company move ahead with IPO preparations, subject to regulatory requirements.
Why it matters
MakeMyTrip’s India subsidiary received Sebi’s final observations after filing draft papers in July through the confidential route. The approval allows MakeMyTrip (India) Ltd to proceed with preparations for an initial public offering, subject to regulatory requirements. This is an important step in the company’s listing process and moves the travel booking platform closer to a public issue in India.