AG真人官方

MakeMyTrip Announces Closing of Primary Offering of Ordinary Shares and Full Exercise of Option to Purchase Additional Ordinary Shares

NEW YORK & GURUGRAM, India--(BUSINESS WIRE)-- MakeMyTrip Ltd (NASDAQ: MMYT, the 鈥�Company鈥� or 鈥�MakeMyTrip鈥�), today announced the closing of its previously announced underwritten registered public offering of 16,000,000 ordinary shares of the Company, par value US$0.0005 per share (the 鈥�Primary Shares鈥�), at an offering price of US$90 per share, and the exercise in full by the underwriters of their option to purchase 2,400,000 additional ordinary shares (collectively, the 鈥淧rimary Equity Offering鈥�).

The Company also announced today by a separate press release the closing of an offering of 0.00% convertible senior notes in an aggregate principal amount of US$1.25 billion due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the 鈥�Securities Act鈥�), and the exercise in full by the initial purchasers of their option to purchase an additional US$187.5 million in aggregate principal amount of the Notes (collectively, the 鈥�Notes Offering鈥�).

MakeMyTrip received net proceeds from the Primary Equity Offering of approximately US$1.62 billion, after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company plans to use all of the net proceeds from the Primary Equity Offering and the Notes Offering to repurchase a portion of the Class B ordinary shares of the Company from Trip.com Group Limited.

Other Matters

Nothing in this press release shall constitute an offer to sell or the solicitation of an offer to buy any securities, including the Notes or the Primary Shares, nor shall there be any offer or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The Primary Equity Offering was made only by means of prospectus supplement and accompanying prospectus pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission (the 鈥�SEC鈥�).

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC acted as joint book-running managers for the Primary Equity Offering.

The Company filed an automatic shelf registration statement on Form F-3 with the SEC. A preliminary prospectus supplement and the related base prospectus describing the terms of the Primary Equity Offering were filed with the SEC. The final prospectus supplement for the Primary Equity Offering was filed with the SEC. The Primary Equity Offering was made only by means of the prospectus supplement and accompanying base prospectus. You may obtain these documents free of charge by visiting EDGAR on the SEC website at . Copies of the prospectus supplement and the accompanying base prospectus may be obtained by contacting: (i) Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or (ii) J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone: 866-803-9204 or by email: at [email protected].

Forward-Looking Statements

This document contains 鈥渇orward-looking statements鈥� within the meaning of the 鈥渟afe harbor鈥� provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this document, including but not limited to, statements about MakeMyTrip鈥檚 goals, targets, projections, outlooks, beliefs, expectations, strategy, plans, objectives of management for future operations of MakeMyTrip, and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including 鈥渁nticipate,鈥� 鈥渆xpect,鈥� 鈥渟uggest,鈥� 鈥減lan,鈥� 鈥渂elieve,鈥� 鈥渋ntend,鈥� 鈥渆stimate,鈥� 鈥渢arget,鈥� 鈥減roject,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� 鈥渨ould,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渇orecast鈥� or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of MakeMyTrip, which involve inherent risks and uncertainties, and therefore should not be relied upon as being necessarily indicative of future results. A number of factors, including macro-economic, industry, business, regulatory and other risks, could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: MakeMyTrip鈥檚 ability to grow at the desired rate or scale and its ability to manage its growth; its ability to further develop its business, including new products and services; its ability to attract and retain partners and consumers; its ability to compete effectively in the intensely competitive and constantly changing market; its ability to continue to raise sufficient capital; its ability to reduce net losses and the use of partner and consumer incentives, and to achieve profitability; potential impact of the complex legal and regulatory environment on its business; its ability to protect and maintain its brand and reputation; general economic, social, and political conditions, currency exchange fluctuations and inflation; expected growth of markets in which MakeMyTrip operates or may operate; and its ability to defend any legal or governmental proceedings instituted against it. In addition to the foregoing factors, you should also carefully consider the other risks and uncertainties described under 鈥�Item 3. Key Information 鈥� D. Risk Factors鈥� and in other sections of MakeMyTrip鈥檚 annual report on Form 20-F for the fiscal year ended March 31, 2025, as well as in other documents filed by MakeMyTrip from time to time with the U.S. Securities and Exchange Commission. All information provided in this release is provided as of the date of issuance of this release, and MakeMyTrip does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About MakeMyTrip Limited

We own and operate well-recognized online travel brands, including MakeMyTrip, Goibibo and redBus. Through our primary websites, , , , and mobile platforms, travelers can research, plan and book a wide range of travel services and products in India and overseas. Our services and products include air ticketing, hotel and alternative accommodations bookings, holiday planning and packaging, bus ticketing, rail ticketing, car hire and ancillary travel requirements such as facilitating access to third-party travel insurance, forex services, and visa processing. We provide our customers with access to all major domestic full-service and low-cost airlines operating in India and all major airlines operating to and from India, a comprehensive set of domestic accommodation properties in India and a wide selection of properties outside of India, Indian Railways, and all major Indian bus operators.

View source version on businesswire.com:

For more details, please contact:

Mohit Kabra

Group Chief Financial Officer

MakeMyTrip Limited

[email protected]

Source: MakeMyTrip Limited