MakeMyTrip.com, Inc.: MakeMyTrip Limited Announces Proposed Public Offering
for 4,500,000 Ordinary Shares
New Delhi and New York, March 10, 2014: MakeMyTrip Limited (NASDAQ: MMYT) (the
"Company"), India's largest online travel company^1, announced today that
subject to market and other conditions, the Company is proposing to offer and
sell up to 3,000,000 ordinary shares and certain selling shareholders are
proposing to offer and sell up to 1,500,000 ordinary shares in an underwritten
public offering. The selling shareholders and another shareholder have also
granted the underwriters a 30-day option to purchase up to an additional
675,000 ordinary shares.
Citigroup, J.P. Morgan and Deutsche Bank Securities are acting as joint book
running managers of the offering. The ordinary shares will be offered pursuant
to a shelf registration statement on Form F-3 previously filed with and
declared effective by the Securities and Exchange Commission (the "SEC"). The
Company will also file with the SEC a prospectus supplement with respect to
This press release shall not constitute an offer to sell, or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. Copies of the prospectus supplement and accompanying prospectus
may be obtained, when available, from Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling
800-831-9146; or from J.P. Morgan, Attention: Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, by calling 866-803-9204; or
from Deutsche Bank Securities, Attn: Prospectus Group, 60 Wall Street, New
York, NY 10005, by calling 800-503-4611 or by emailing email@example.com
(calling these numbers is not toll-free outside the United States).
About MakeMyTrip Limited and MakeMyTrip.com:
MakeMyTrip Limited is the parent company of MakeMyTrip (India) Private
Limited, India's largest online travel company, MakeMyTrip Inc. (USA),
MakeMyTrip FZ LLC (UAE), Luxury Tours & Travel Pte Ltd (Singapore), Luxury
Tours (Malaysia) Sdn Bhd, the Hotel Travel Group (Thailand), the ITC Group
(Thailand) and the EasyToBook.com Group. The Company's services and products
include air tickets, customized holiday packages, hotel bookings, railway
tickets, bus tickets, car hire and facilitating access to travel insurance.
Through its primary websites, www.makemytrip.com, www.hoteltravel.com and
www.easytobook.com, and other technology-enhanced platforms, the Company
provides access to all major domestic full-service and low-cost airlines
operating to and from India, all major airlines operating to and from India,
over 11,400 hotels and guesthouses in India, more than 144,000 hotels outside
India, Indian Railways and several major Indian and Singapore bus operators,
as of December 31, 2013.
For more details, please contact:
+1 (646) 405-1311
(1) Based on 2012 Gross Bookings (Source: PhoCusWright Inc.)
Safe Harbor Statement under the provisions of the United States Private
Securities Litigation Reform Act of 1995
This press release contains forward-looking statements, as defined in the safe
harbor provisions of the US Private Securities Litigation Reform Act of 1995.
These forward looking statements include, among other things, statements
relating to the timing of the proposed offering, the number of ordinary shares
that the Company and the selling shareholders may offer in the proposed
offering and the number of ordinary shares that may be subject to the
over-allotment option. We caution you that reliance on any forward-looking
statement involves risks and uncertainties that might cause actual results to
differ materially from those expressed or implied by such statements. These
risks and uncertainties include, without limitation, risks and uncertainties
related to market conditions and satisfaction of customary closing conditions
related to the public offering. There can be no assurance that the public
offering will be completed. These and other factors are more fully discussed
in the prospectus supplement for the offering to be filed with the SEC which
will be available at http://www.sec.gov. Other than as required by law, the
Company does not undertake to update these forward looking statements.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: MakeMyTrip.com, Inc. via Globenewswire
Press spacebar to pause and continue. Press esc to stop.