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Online travel platform MakeMyTrip has raised $3.1 billion through a mix of equity and debt, its banker, Morgan Stanley, said on Friday.
On Tuesday, MakeMyTrip, in a regulatory filing, said that it is raising $3 billion to buy back shares from Trip.com Group, reducing the Chinese company’s holding to 20% from the initial 45%.
The fundraise is the largest ever by a listed Indian new-age company.
“Primary equity follow-on offering of 18,400,000 ordinary equity shares priced at $90 per share and five-year convertible senior notes offering, at zero…
