GIC discloses 6.7M-share MakeMyTrip (MMYT) stake in Schedule 13G
Rhea-AI Filing Summary
GIC Private Limited, a Singapore-based fund manager for the Government of Singapore and the Monetary Authority of Singapore, reports beneficial ownership of 6,719,113 MakeMyTrip Limited ordinary shares. This represents 7.43% of the class, calculated from 90,448,984 shares outstanding as referenced in a Form 20-F.
GIC has sole voting and dispositive power over 5,594,455 shares and shared voting and dispositive power over 1,124,658 shares with the Monetary Authority of Singapore. The Government of Singapore and GIC each disclaim beneficial ownership beyond the roles described, and GIC disclaims membership in a group.
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Negative
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Key Figures
Beneficially owned shares: 6,719,113 shares
Ownership percentage: 7.43%
Shares outstanding baseline: 90,448,984 shares
+2 more
5 metrics
Beneficially owned shares
6,719,113 shares
Total ordinary shares of MakeMyTrip Limited beneficially owned by GIC Private Limited
Ownership percentage
7.43%
Percent of MakeMyTrip ordinary shares class beneficially owned by GIC
Shares outstanding baseline
90,448,984 shares
Ordinary shares outstanding used to calculate GIC’s 7.43% stake
Sole voting/dispositive power
5,594,455 shares
Shares over which GIC has sole voting and dispositive power
Shared voting/dispositive power
1,124,658 shares
Shares over which GIC shares voting and dispositive power with MAS
Key Terms
beneficially owned, sole voting power, shared dispositive power, disclaims beneficial ownership, +1 more
5 terms
beneficially owned financial
"Amount beneficially owned: 6,719,113 (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 voting power financial
"Sole Voting Power 5,594,455.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
disclaims beneficial ownership financial
"The GoS disclaims beneficial ownership of such shares."
Schedule 13G regulatory
"GIC’s ownership is reported on Schedule 13G as an institutional investor."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What percentage of MakeMyTrip (MMYT) does GIC Private Limited report owning?
GIC Private Limited reports beneficial ownership of 7.43% of MakeMyTrip’s ordinary shares, based on 90,448,984 shares outstanding. This stake reflects a total of 6,719,113 shares, combining both sole and shared voting and dispositive powers.
What role do the Government of Singapore and MAS play in GIC’s MakeMyTrip (MMYT) holdings?
GIC manages funds for the Government of Singapore and the Monetary Authority of Singapore. It exercises sole discretion over 5,594,455 shares and shares power over 1,124,658 shares with MAS. The Government of Singapore disclaims beneficial ownership of these shares.
Does GIC Private Limited report being part of a group in its MakeMyTrip (MMYT) Schedule 13G?
GIC Private Limited explicitly disclaims membership in a group in the Schedule 13G. The filing states that GIC acts as a fund manager for its clients and does not treat its MakeMyTrip shareholdings as part of a coordinated group.
AI-generated analysis. How Rhea-AI works. Not financial advice.