From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)MakeMyTrip's India arm gets SEBI nod to float IPO
What's behind this
MakeMyTrip's Indian subsidiary, MakeMyTrip (India) Ltd, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with an initial public offering. The company filed draft documents with SEBI in July through the confidential route, and the regulator issued its final observations on November 6. MakeMyTrip, which is listed on the Nasdaq, says the IPO proceeds will be used for long‑term growth, inorganic opportunities and the repurchase of various share types.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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left · 1 outlet
The travel booking platform says listing will raise MMT India’s brand visibility and help it compete for technology staff in a tight recruitment market
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center · 2 outlets
MakeMyTrip is listed on Nasdaq stock exchange The proceeds from the planned IPO will be utilised by MakeMyTrip for long term growth, inorganic opportunities and repurchase of different types shares Nasdaq-listed travel booking platform MakeMyTrip's India subsidiary has received Sebi's approval to
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right · 3 outlets
MakeMyTrip (India) Ltd (MMT India) had filed draft papers with Sebi in July through the confidential route. After examining the draft documents, the regulator issued its final observations on November 6.
— NDTV
RSS excerpt
The proposed IPO is expected to comprise a sale of equity shares in MMT India by its parent MakeMyTrip and its wholly-owned subsidiary, ibibo Group Holdings (Singapore) Pte Ltd
