MakeMyTrip Ltd. Announces Public Offering and Trip.com Engages in Share Repurchase
MakeMyTrip Ltd., a prominent player in the travel service industry operating over the internet in India, has announced a public offering of its ordinary shares. This move is part of the company’s strategy to expand its capital base and support its growth initiatives. MakeMyTrip allows travelers to research, plan, and book various travel services, including airline tickets, hotels, packages, rail and bus tickets, rental cars, and travel insurance.
On June 16, 2025, MakeMyTrip also became the focus of significant financial activity involving Trip.com Group, a leading one-stop travel service provider. Trip.com Group entered into a share repurchase agreement with MakeMyTrip, agreeing to sell a portion of its Class B ordinary shares held in MakeMyTrip for cancellation. This transaction is part of Trip.com’s broader strategy to optimize its investment portfolio and enhance shareholder returns.
Following the completion of this repurchase, Trip.com Group will continue to be the largest minority shareholder in MakeMyTrip, maintaining its strategic influence over the company. The agreement includes a 180-day lock-up period, restricting Trip.com’s ability to sell its remaining shares in MakeMyTrip. This arrangement aims to provide Trip.com with an immediate capital return while preserving its strategic partnership with MakeMyTrip.
Financially, MakeMyTrip Ltd. is listed on the Nasdaq under the Consumer Discretionary sector, specifically within the Internet & Catalog Retail industry. As of June 12, 2025, the company’s close price was $98.72, with a market capitalization of $11.02 billion. The company’s 52-week high was $123 on December 9, 2024, and its 52-week low was $76.95 on August 4, 2024. The price-to-earnings ratio stands at 121.19, reflecting the market’s valuation of the company’s earnings potential.
These developments highlight MakeMyTrip’s ongoing efforts to strengthen its financial position and Trip.com’s commitment to optimizing its investment strategy while supporting MakeMyTrip’s growth trajectory.