MakeMyTrip.com, Inc.: MakeMyTrip Limited Announces Pricing of Public Offering of 5,500,000 Ordinary Shares

MakeMyTrip.com, Inc.: MakeMyTrip Limited Announces Pricing of Public Offering                          of 5,500,000 Ordinary Shares  New Delhi and New York, March 13, 2014: MakeMyTrip Limited (NASDAQ: MMYT) (the "Company"), India's  largest  online  travel  company^1  announced  today  the  pricing of the previously announced  underwritten public offering of  ordinary  shares at a price to the  public of $ 23 per  share. The size of the  offering  has been  upsized to  5,500,000 ordinary  shares from  the original  announced  offering size of 4,500,000 ordinary shares.  Of the total  offering of 5,500,000  ordinary shares, the  number of  ordinary  shares offered by  the Company remains  at 3,000,000 ordinary  shares and  the  number of ordinary shares offered  by certain selling shareholders remains  at  1,500,000 ordinary shares, while the additional 1,000,000 ordinary shares  are  offered by another shareholder. In  connection with the offering, the  Company  and the other shareholder have granted to the underwriters a 30-day option  to  purchase up to an additional 825,000 ordinary shares, representing 15% of  the  revised total offering  size. The offering  is expected to  close on or  about  March 19, 2014, subject to customary closing conditions.  The Company intends to use the net  proceeds from this offering to expand  its  operations by acquiring or  investing in strategic  businesses or assets  that  complement its service and product offerings, to invest in enhancements to its technology, as well  as for its  working capital and  other general  corporate  purposes. The Company will not receive any proceeds from the sale of  ordinary  shares by the selling shareholders in the offering.  Citigroup, J.P. Morgan and Deutsche Bank  Securities are acting as joint  book  running managers of the offering. The ordinary shares will be sold 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 file a prospectus supplement with the SEC 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 Company's expectations regarding the public offering. 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#1768766  
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