SEBI clears MakeMyTrip India IPO
In short
SEBI has approved MakeMyTrip’s India arm, MMT India, to launch an IPO. The company had filed draft papers confidentially in July, and the offering will include shares sold by MakeMyTrip and ibibo Group Holdings.
What the reporting says
SEBI approved MakeMyTrip’s India subsidiary, MMT India, for an initial public offering after a confidential draft filing in July. The IPO will include equity shares sold by MakeMyTrip and its subsidiary ibibo Group Holdings, according to Economic Times IPO. Proceeds from the sale are expected to strengthen the parent company’s cash position.
Why it matters
SEBI cleared MakeMyTrip’s India subsidiary, MMT India, to launch an IPO after a confidential draft filing in July. The offering will involve equity shares sold by MakeMyTrip and its subsidiary ibibo Group Holdings, and the proceeds are expected to improve the parent company’s cash position. The development is relevant to MakeMyTrip, its India business and investors tracking the travel company’s listing plans.