GIC Private Limited reports beneficial ownership of 4,374,175 ordinary shares of MakeMyTrip Limited, equal to 4.87% of the class based on 89,851,697 shares outstanding as of July 2, 2025.
GIC Private Limited reports beneficial ownership of 4,374,175 ordinary shares of MakeMyTrip Limited, equal to 4.87% of the class based on 89,851,697 shares outstanding as of July 2, 2025. The filing states GIC has sole voting and dispositive power over 3,634,419 shares and shared voting and dispositive power over 739,756 shares. The amendment is signed by two GIC senior vice presidents on April 23, 2026.
Positive
None.
Negative
None.
Insights
GIC reports a sub-5% passive stake in MakeMyTrip with clear voting/disposition breakdown.
GIC states beneficial ownership of 4,374,175 shares representing 4.87% of outstanding ordinary shares using an outstanding base of July 2, 2025. It discloses sole control over 3,634,419 shares and shared control over 739,756 shares.
Because the position is below 5%, this filing reflects routine disclosure under beneficial ownership rules rather than an active control claim. Subsequent filings would show any increase above reporting thresholds.
Key Figures
Beneficial ownership:4,374,175 sharesPercent of class:4.87%Sole voting power:3,634,419 shares+3 more
6 metrics
Beneficial ownership4,374,175 sharesAmount beneficially owned reported in Schedule 13G/A
Percent of class4.87%Calculated using 89,851,697 shares outstanding as of July 2, 2025
Sole voting power3,634,419 sharesShares over which GIC has sole power to vote or direct the vote
Shared voting power739,756 sharesShares over which GIC shares voting/dispositive power with MAS
Outstanding shares used89,851,697 sharesBasis for percentage calculation from Form 6-K (as of July 2, 2025)
Filing signature dateApril 23, 2026Signature dates for the amendment's signatories
Key Terms
Beneficially owned, Sole power to vote, Shared power to dispose
3 terms
Beneficially ownedregulatory
"Amount beneficially owned: 4,374,175 (1), (2)"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole power to voteregulatory
"(i) Sole power to vote or to direct the vote: 3,634,419"
Shared power to disposeregulatory
"(iv) Shared power to dispose or to direct the disposition of: 739,756"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does GIC hold in MakeMyTrip (MMYT)?
GIC beneficially owns 4,374,175 shares, representing 4.87% of MakeMyTrip's ordinary shares. This percentage is calculated using 89,851,697 shares outstanding, per a Form 6-K cited with an as of July 2, 2025 anchor.
How much voting control does GIC report for MMYT shares?
GIC reports sole voting power over 3,634,419 shares and shared voting power over 739,756 shares. The filing separates sole and shared voting/dispositive powers for clarity on control rights.
Does GIC claim to be part of an ownership group for MMYT?
No. GIC explicitly states it disclaims membership in a group while noting it manages shares for the Government of Singapore and the Monetary Authority of Singapore under management arrangements.
What date and signatures appear on the Schedule 13G/A amendment?
The amendment lists the cover date 04/21/2026 and is signed by Wong Hui Ping and Lim Bee Peng, Senior Vice Presidents, with signature dates of April 23, 2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
MAKEMYTRIP LIMITED
(Name of Issuer)
Ordinary shares of $0.0005 each
(Title of Class of Securities)
V5633W109
(CUSIP Number)
04/21/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
V5633W109
1
Names of Reporting Persons
GIC Private Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SINGAPORE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
3,634,419.00
6
Shared Voting Power
739,756.00
7
Sole Dispositive Power
3,634,419.00
8
Shared Dispositive Power
739,756.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,374,175.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.87 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: The percentage presented herein is calculated based on 89,851,697 shares of Ordinary Shares outstanding. This calculation is derived from information provided in Form 6-K filed by the Issuer with the Securities and Exchange Commission on July 2, 2025.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
MAKEMYTRIP LIMITED
(b)
Address of issuer's principal executive offices:
19TH Floor, Building No.5, DLF Cyber City, Gurugram, India, 122002
Item 2.
(a)
Name of person filing:
GIC Private Limited ("GIC")
(b)
Address or principal business office or, if none, residence:
168 Robinson Road
#37-01 Capital Tower
Singapore 068912
(c)
Citizenship:
GIC Private Limited - Republic of Singapore
(d)
Title of class of securities:
Ordinary shares of $0.0005 each
(e)
CUSIP No.:
V5633W109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
4,374,175 (1), (2)
(1) GIC is a fund manager and only has 2 clients - the Government of Singapore ("GoS") and the Monetary Authority of Singapore ("MAS"). Under the investment management agreement with GoS, GIC has been given the sole discretion to exercise the voting rights attached to, and the disposition of, any shares managed on behalf of GoS. As such, GIC has the sole power to vote and power to dispose of the 3,634,419 securities beneficially owned by it. GIC shares power to vote and dispose of 739,756 securities beneficially owned by it with MAS.
GIC is wholly-owned by the GoS and was set up with the sole purpose of managing Singapore's foreign reserves. The GoS disclaims beneficial ownership of such shares.
(2) GIC disclaims membership in a group.
(b)
Percent of class:
4.87% (3)
(3) The percentage presented herein is calculated based on 89,851,697 shares of Ordinary Shares outstanding. This calculation is derived from information provided in Form 6-K filed by the Issuer with the Securities and Exchange Commission on July 2, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
3,634,419 (1), (2)
(ii) Shared power to vote or to direct the vote:
739,756 (1), (2)
(iii) Sole power to dispose or to direct the disposition of:
3,634,419 (1), (2)
(iv) Shared power to dispose or to direct the disposition of:
739,756 (1), (2)
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
