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India's MakeMyTrip completes share repurchase to trim China-based Trip.com's stake

  • MakeMyTrip completes share repurchase from Trip.com Group, reducing the latter's stake and voting power.
  • Over 3.4 crore Class B shares repurchased and canceled, decreasing Trip.com's voting power to 16.90%.
  • MakeMyTrip now has 95,383,399 shares outstanding, with Trip.com retaining diminished board representation.
  • Three Trip.com nominated directors resign; MakeMyTrip appoints three new directors to fill vacancies.

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