NEW YORK & GURUGRAM, India, June 17, 2025 — MakeMyTrip Ltd (NASDAQ: MMYT, the “Company” or “MakeMyTrip”), today announced that it proposes to offer US$1.25 billion in aggregate principal amount of convertible senior notes due 2030 (the “Notes Offering”), subject to market and other conditions, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company expects to grant the initial purchasers a 13-day option to purchase up to an additional US$187.5 million in aggregate principal amount of the Notes.
The Company also announced today, by a separate press release that the Company has commenced an underwritten registered public offering of 14,000,000 ordinary shares, par value US$0.0005 per share (the “Primary Equity Offering”), subject to market and other conditions. The Company expects to grant the underwriters a 13-day option to purchase up to 2,100,000 additional ordinary shares.
MakeMyTrip plans to use all of the net proceeds from the Notes Offering and the Primary Equity Offering for the Repurchase (as described below) of a portion of the Class B shares of the Company from Trip.com Group Limited (“Trip.com”).
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