2
Online travel major MakeMyTrip is planning to raise $3 billion through equity and debt sale, according to separate Nasdaq filings on Tuesday. The funds will be used entirely to buy back Class B shares from China’s Trip.com Group, limiting its presence on the Indian company’s board.
MakeMyTrip has proposed a primary offering of 14 million ordinary shares. Underwriters will have a 13-day option to purchase up to 2.1 million additional shares, the company said in its listing.
The online travel agency said in a separate filing that it also plans to offer…
