Archive · 18 Jun 2025
MakeMyTrip to Reduce China-Based Trip.com's Stake Via Fundraise
MakeMyTrip, a travel booking company, is raising over $2.5 billion by selling shares and bonds.
They plan to use the money to buy back some shares from Trip.com, a company based in China.
This will decrease Trip.com's influence in MakeMyTrip, reducing their voting power.
This move comes amid calls to reduce business ties with companies and investors from China due to the recent India-Pakistan conflict.
MakeMyTrip plans to raise over $2.5 billion through share sales and convertible bonds.
Funds will be used to repurchase Class B shares from Trip.com.
The move aims to reduce Trip.com's stake and voting power.
MakeMyTrip is offering 14 million ordinary shares.
Trip.com's voting power will decrease from 45.34% to 19.99%.
- Who
- MakeMyTrip is raising funds to reduce Trip.com's stake.
- What
- MakeMyTrip is raising over $2.5 billion through share sales and convertible bonds.
- When
- Unspecified, filings with NASDAQ.
- Where
- Listed on the NASDAQ.
- Why
- To reduce Trip.com’s voting power amid calls to reduce ties with Chinese companies and rising tensions.
Those in Favor of Reducing Chinese Influence
Those who have not expressed any view
Reducing Chinese Investment
Those in Favor of Reducing Chinese Influence
Advocates for cutting ties with Chinese investors.
Those who have not expressed any view
No opposing views provided in the article.
- Company
- MakeMyTrip
- Amount Sought
- Over $2.5 billion
- Share Offering
- 14,000,000 ordinary shares
- Notes Offering
- $1.25 billion convertible senior notes
- Purpose
- Reduce Trip.com stake
- Trip.com Voting Power (Before)
- 45.34%
- Trip.com Voting Power (After)
- 19.99%
Sources
MakeMyTrip seeks over $2 billion in shares, convertible sale
MakeMyTrip raising over $2.6 billion to buy back Chinese firm’s stake
MakeMyTrip to raise over $2.5 billion to slash China-based Trip.com’s stake in company
MakeMyTrip to raise up to $3 billion to buy back Trip.com's stake in company