MakeMyTrip's India arm gets Sebi nod to float IPO
MakeMyTrip's India subsidiary, MMT India, has received approval from Sebi for an initial public offering. This approval follows a confidential filing of draft papers made in July. The IPO will involve the sale of equity shares by MakeMyTrip and its subsidiary, ibibo Group Holdings. Proceeds from the sale are expected to enhance the cash position of...
Key Takeaways
- MakeMyTrip's India subsidiary, MMT India, has received approval from Sebi for an initial public offering.
- This approval follows a confidential filing of draft papers made in July.
- The IPO will involve the sale of equity shares by MakeMyTrip and its subsidiary, ibibo Group Holdings.
MakeMyTrip's India subsidiary, MMT India, has received approval from Sebi for an initial public offering. This approval follows a confidential filing of draft papers made in July. The IPO will involve the sale of equity shares by MakeMyTrip and its subsidiary, ibibo Group Holdings. Proceeds from the sale are expected to enhance the cash position of the parent company.
Original Publisher Attribution
This summary was curated from Economic Times.