MakeMyTrip (MMYT) Stock News, Nov 2024-Jul 2025

MakeMyTrip (NASDAQ: MMYT) has successfully completed its public offering of 18.4 million ordinary shares at $90 per share, including the full exercise of underwriters' option for 2.4 million additional shares. The company raised approximately $1.62 billion in net proceeds from this equity offering. Additionally, MakeMyTrip closed a concurrent offering of 0.00% convertible senior notes worth $1.4375 billion due 2030 (including the fully exercised option for additional $187.5 million). The company plans to use the combined proceeds from both offerings to repurchase Class B ordinary shares from Trip.com Group Limited. Morgan Stanley and J.P. Morgan Securities served as joint book-running managers for the primary equity offering.

MakeMyTrip (NASDAQ: MMYT) has successfully closed its previously announced offering of US$1.25 billion 0.00% convertible senior notes due 2030, with initial purchasers exercising their full option for an additional US$187.5 million. The company also completed a registered public offering of 18.4 million ordinary shares at US$90 per share, including the fully exercised overallotment option. The Notes, convertible into ordinary shares at an initial rate of 8.2305 shares per US$1,000 principal amount (equivalent to US$121.50 per share), will mature on July 1, 2030. MakeMyTrip received approximately US$1.41 billion in net proceeds from the Notes Offering and plans to use all proceeds from both offerings to repurchase Class B ordinary shares from Trip.com Group Limited.

MakeMyTrip (NASDAQ: MMYT) has announced the pricing of $1.25 billion in 0.00% convertible senior notes due 2030, alongside an upsized public offering of 16 million ordinary shares at $90 per share. The notes will be convertible into ordinary shares at an initial conversion rate of 8.2305 shares per $1,000 principal amount, equivalent to a conversion price of $121.50 per share. The company expects to receive approximately $1.23 billion in net proceeds from the Notes Offering. MakeMyTrip plans to use all proceeds from both offerings to repurchase a portion of its Class B shares from Trip.com Group Limited. The Notes will mature on July 1, 2030, and holders can convert them at any time before maturity. The company has included provisions for Optional Redemption after July 10, 2028, Cleanup Redemption, and Tax Redemption under specific conditions.

MakeMyTrip (NASDAQ: MMYT) has announced the upsize and pricing of its public offering of ordinary shares, increasing from 14 million to 16 million shares at $90 per share. The company also announced a concurrent offering of 0.00% convertible senior notes worth $1.25 billion due 2030. The equity offering is expected to generate approximately $1.41 billion in net proceeds ($1.62 billion if underwriters exercise their option to purchase additional shares). MakeMyTrip plans to use all proceeds from both offerings to repurchase Class B shares from Trip.com Group Limited. The offerings are expected to close on June 23, 2025, with Morgan Stanley and J.P. Morgan acting as joint book-running managers.

MakeMyTrip (NASDAQ: MMYT) has announced a proposed primary offering of 14 million ordinary shares, with underwriters having a 13-day option to purchase an additional 2.1 million shares. Simultaneously, the company is launching a private offering of 0.00% convertible senior notes worth $1.25 billion due 2030, with an option for initial purchasers to acquire an additional $187.5 million in notes. The entire proceeds from both offerings will be used to repurchase a portion of Class B shares from Trip.com Group Limited. The share repurchase will be executed at a price based on the net offering price after deducting underwriting costs. Morgan Stanley and J.P. Morgan Securities are serving as joint book-running managers for the primary equity offering. The closings of both offerings are mutually conditional, meaning if one fails, the other will terminate.

MakeMyTrip (NASDAQ: MMYT) has announced a significant dual offering consisting of $1.25 billion in convertible senior notes due 2030 and a public offering of 14 million ordinary shares. The notes will be convertible into ordinary shares and mature on July 1, 2030. Initial purchasers have a 13-day option to buy additional notes worth $187.5 million, while underwriters can purchase up to 2.1 million additional ordinary shares. The company plans to use all proceeds from both offerings to repurchase a portion of its Class B shares from Trip.com Group Limited. The notes will be senior unsecured obligations with redemption options available after July 10, 2028, if certain conditions are met. Holders can convert notes at any time and have repurchase rights on July 3, 2028, or upon fundamental changes.

MakeMyTrip Limited (NASDAQ: MMYT) has announced it will release its fiscal 2025 fourth quarter and full year financial results on May 14, 2025, before market opening. The company will publish the results on its Investor Relations website rather than distributing them through newswires. A live Zoom webinar featuring senior management will be held the same day at 7:30 am EDT (5:00 pm IST). Interested participants can register through the provided link, and a replay will be available approximately two hours after the event concludes.

MakeMyTrip (MMYT) has announced it will release its fiscal 2025 third quarter financial and operating results before markets open on Thursday, January 23, 2025. The company will publish the results on its Investor Relations website rather than distributing them through newswires.

A live Zoom Webinar featuring the senior management team is scheduled for January 23, 2025, at 7:30 am EDT (6:00 pm IST). Interested participants can register through the provided link on the company's Investor Relations website. A replay of the event will be made available approximately two hours after the live session concludes.

MakeMyTrip has signed a Business Transfer Agreement to acquire Happay Expense Management Platform from CRED, strengthening its position in corporate travel and expense management solutions. Happay's expertise includes over 900 corporate clients and robust capabilities in product development and data-driven insights. The transaction is expected to close within 90 days, with Happay's team integrating into MakeMyTrip while continuing to support existing clients. MakeMyTrip currently serves over 59,000 corporate clients via MyBiz and 450 large corporates through Quest2Travel. Happay's payments business will remain with CRED.