Breaking News

U.K. July Retail Sales Rise 0.1%; Median Estimate 0.4% Increase
Tweet TWEET

MakeMyTrip.com, Inc.: MakeMyTrip Limited Announces Proposed Public Offering for 4,500,000 Ordinary Shares

 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  the offering.  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  prospectus.cpdg@db.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:  Jonathan Huang MakeMyTrip Limited +1 (646) 405-1311 jonathan.huang@makemytrip.com  (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 HUG#1767593  
Press spacebar to pause and continue. Press esc to stop.