MakeMyTrip Ltd reports that Baillie Gifford & Co holds 14,610,726 shares of Common Stock, representing 16.26% of the class. The filing states Baillie Gifford has sole dispositive power for 14,610,726 shares and sole voting power for 9,672,763. The shares are held by Baillie Gifford and/or its investment adviser subsidiaries on behalf of advisory clients.
Positive
None.
Negative
None.
Insights
Large passive stake reported by an investment adviser owning 16.26% of MakeMyTrip.
Baillie Gifford & Co reports beneficial ownership of 14,610,726 shares, equal to 16.26% of the class, with sole dispositive power over those shares. The filing attributes holdings to Baillie Gifford and/or its investment adviser subsidiaries on behalf of clients.
Filing is an amendment (03/03/2026) to a Schedule 13G; the excerpt shows ownership metrics and voting/dispositive breakdowns. Subsequent disclosures may clarify client-level holdings or changes in voting arrangements.
Voting and disposition split is material to governance discussions.
The filer reports 9,672,763 shares with sole voting power and 14,610,726 shares with sole dispositive power. This distinction indicates authority to direct sales differs from voting control.
Because holdings are on behalf of advisory clients, any coordinated voting or sale actions depend on client instructions; the filing notes the adviser "holds on behalf of investment advisory clients."
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 6)
MakeMyTrip Ltd
(Name of Issuer)
Common Stock
(Title of Class of Securities)
02/28/2026
(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)
SCHEDULE 13G
CUSIP Number(s):
1
Names of Reporting Persons
BAILLIE GIFFORD & CO
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
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
9,672,763.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
14,610,726.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,610,726.00
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)
16.3 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
MakeMyTrip Ltd
(b)
Address of issuer's principal executive offices:
19TH FLOOR, BUILDING NO.5,, 19TH FLOOR, BUILDING NO.5,, GURGAON, INDIA, 122002.
Item 2.
(a)
Name of person filing:
Baillie Gifford & Co
(b)
Address or principal business office or, if none, residence:
Calton Square
1 Greenside Row
Edinburgh
EH1 3AN
Scotland
UK
(c)
Citizenship:
Scotland
(d)
Title of class of securities:
Common Stock
(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).
Investment Adviser
Item 4.
Ownership
(a)
Amount beneficially owned:
14,610,726
(b)
Percent of class:
16.26 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
9,672,763
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
14,610,726
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Securities reported on this Schedule 13G as being beneficially owned by Baillie Gifford & Co. are held by Baillie Gifford & Co. and/or one or more of its investment adviser subsidiaries, which may include Baillie Gifford Overseas Limited, on behalf of investment advisory clients, which may include investment companies registered under the Investment Company Act, employee benefit plans, pension funds or other institutional clients.
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 acquired and are held in the ordinary course of business and 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.
By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Investment Adviser is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
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.
What stake does Baillie Gifford hold in MakeMyTrip (MMYT)?
Baillie Gifford beneficially owns 14,610,726 MakeMyTrip shares, representing 16.26% of the common stock class. The filing breaks out 9,672,763 shares with sole voting power and 14,610,726 with sole dispositive power.
Are Baillie Gifford's MakeMyTrip shares held personally or for clients?
The filing states the shares are held by Baillie Gifford and/or its investment adviser subsidiaries on behalf of investment advisory clients. It explicitly identifies the holder as an Investment Adviser rather than personal ownership.
Does Baillie Gifford control voting of all its reported MMYT shares?
No; the filing reports sole voting power for 9,672,763 shares and sole dispositive power for 14,610,726 shares, indicating voting authority differs from dispositive authority across the holding.
When was this Schedule 13G/A amended and signed?
The amendment is signed by Grant Meikle, Regulatory Reporting Manager, with the signature date of 03/03/2026. The cover indicates an amendment number and references the filing date 02/28/2026 in the header.
What regulatory representation does Baillie Gifford make in the filing?
Baillie Gifford certifies that its foreign regulatory scheme is substantially comparable to the U.S. equivalent and undertakes to furnish staff information that would otherwise appear in a Schedule 13D if requested. This is stated in the signature block.
