Baillie Gifford Files Schedule 13G Reporting 5.72M MMYT Shares

Rhea-AI Filing Summary

Baillie Gifford & Co filed a Schedule 13G reporting beneficial ownership of 5,716,130 ordinary shares of MakeMyTrip Ltd (CUSIP 56087FAB0), equal to 6.35% of the class as of 06/30/2025. The filing reports sole voting power for 5,450,375 shares and sole dispositive power for 5,716,130 shares. The filer is identified as an Investment Adviser organized in the United Kingdom; the statement notes the securities are held on behalf of advisory clients. The certification states the shares were not acquired to change or influence control. Signature: Grant Meikle (Manager) dated 08/08/2025.

Positive

• 5,716,130 shares reported representing a 6.35% stake in MakeMyTrip
• Sole voting power of 5,450,375 shares and sole dispositive power of 5,716,130 shares
• Filing identifies Baillie Gifford as an Investment Adviser and discloses holdings held for advisory clients
• Certification states shares were not acquired to change or influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: Baillie Gifford reports a material passive stake of 6.35% with sole voting and dispositive power disclosed.

The Schedule 13G discloses 5,716,130 shares (6.35%) and shows sole voting power of 5,450,375 and sole dispositive power of 5,716,130. The filing classifies the filer as an Investment Adviser and includes the certification that the shares were not acquired to change or influence control. For investors, the key facts are the stake size and the adviser-held nature of the position; no additional financial metrics or strategic actions are disclosed in this filing.

Corporate Governance Expert

TL;DR: The disclosure documents a significant institutional holding but explicitly denies control intent.

The submission names Baillie Gifford & Co (Scotland) and specifies that reported securities are held for advisory clients. The certification language explicitly states the securities were not acquired to influence control of the issuer. Material items for governance review are the magnitude of sole voting power (5,450,375) and the adviser classification; no transaction details, shareholder agreements, or coordinated group actions are reported.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

MakeMyTrip Ltd

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

56087FAB0

(CUSIP Number)

06/30/2025

(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 No. 56087FAB0

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 5,450,375.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,716,130.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,716,130.00

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)

6.4 %

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,, DLF CYBER CITY,, 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: Ordinary Shares
(e)	CUSIP No.: 56087FAB0
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: 5,716,130
(b)	Percent of class: 6.35 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5,450,375
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5,716,130
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
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 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.

BAILLIE GIFFORD & CO

Signature:	Grant Meikle
Name/Title:	Manager
Date:	08/08/2025

FAQ

How many MakeMyTrip (MMYT) shares does Baillie Gifford report owning?

Baillie Gifford reports beneficial ownership of 5,716,130 ordinary shares of MakeMyTrip.

What percentage of MMYT does the filing represent?

The filing reports ownership equal to 6.35% of the class of ordinary shares.

What voting and dispositive powers does Baillie Gifford report for MMYT?

The filing reports sole voting power for 5,450,375 shares and sole dispositive power for 5,716,130 shares.

When is the relevant event date and signature date on the Schedule 13G for MMYT?

The event date requiring the filing is 06/30/2025 and the Schedule is signed on 08/08/2025 by Grant Meikle, Manager.

Under what capacity is Baillie Gifford filing the Schedule 13G for MMYT?

The filing identifies Baillie Gifford & Co as an Investment Adviser organized in the United Kingdom; holdings are reported as held for advisory clients.