<ul data-eligibleForWebStory="true"><li>MakeMyTrip plans to raise over $2 billion to buy back stake from Chinese investor Trip.com Group Limited.</li><li>The company will raise funds through convertible senior notes and a primary offering.</li><li>$1.25 billion will be raised via convertible senior notes due 2030 for qualified institutional buyers.</li><li>The remaining amount will be raised through the issuance of 14 million primary shares.</li><li>MakeMyTrip entered a share repurchase agreement with Trip.com to repurchase a portion of its shares.</li><li>Trip.com will still be the largest minority shareholder of MakeMyTrip after the repurchase.</li><li>As of now, Trip.com holds a 45.95% stake in MakeMyTrip and acquired a 42.5% stake in 2019.</li><li>The post MakeMyTrip To Raise Over $2 Bn To Reduce Chinese Ownership appeared first on Inc42 Media.</li></ul>

MakeMyTrip To Raise Over $2 Bn To Reduce Chinese Ownership

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