MakeMyTrip pre-files draft prospectus for IPO of Indian subsidiary via offer-for-sale
India's largest online travel firm has confidentially filed a draft red herring prospectus with SEBI for an IPO structured as an offer-for-sale. The move aims to lift brand visibility and strengthen its cash position, signaling a domestic listing push for the ibibo-linked entity.
MakeMyTrip, India's largest online travel firm, confidentially pre-filed a draft red herring prospectus with SEBI for an IPO of its Indian subsidiary via offer-for-sale, aiming to boost brand visibility and strengthen cash position.
Why this matters
Confirms MakeMyTrip's domestic listing push, consistent with recent reports of a confidential SEBI filing and a ~$1 Bn India IPO for its MMT India subsidiary structured as an offer-for-sale.
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