MakeMyTrip To Pay $3 Bn To Repurchase Stake: Trip.Com Group

MakeMyTrip Sets $3B Share Buyback in Motion, Cutting Ties with Trip.com

Online travel aggregator (OTA) MakeMyTrip (MMT), which is listed on the Nasdaq, will repurchase shares from its Chinese investor Trip.com Group Limited for around $3 billion.Trip.com announced that it has modified its share repurchase arrangement with the Indian travel tech company on June 23 in a filing with the US Securities and Exchange Commission (SEC).In accordance with the restated agreement, MMT will purchase the interest for the sum desc…

MakeMyTrip Raises $3.1 Bn to Buy Back Shares from Chinese Investor Trip.com Group

MakeMyTrip to Repurchase Stake from Trip.com Group for $3 Bn, Retains Chinese Investor as Largest Minority Shareholder Major… The post MakeMyTrip Raises $3.1 Bn to Buy Back Shares from Chinese Investor Trip.com Group appeared first on IMP.NEWS.

MakeMyTrip To Pay $3 Bn To Repurchase Stake: Trip.Com Group

Nasdaq-listed online travel aggregator (OTA) MakeMyTrip (MMT) will pay nearly $3 Bn to repurchase shares from its Chinese investor Trip.com Group Limited. In a filing with the US Securities and Exchange Commission (SEC), Trip.com said that it amended its share repurchase agreement with the Indian travel tech company on June 23. As per the restated deal, MMT will pay the aforementioned amount to acquire the stake.  “… in relation to the amended a…