[ptrikha21]

MakeMyTrip is exploring a strategic listing of its Indian subsidiary through Indian Depository Receipts (IDRs) to tap into domestic capital.
This move follows an internal restructuring where the company merged RedBus India into MakeMyTrip (India) Private Limited.
By opting for IDRs, the NASDAQ-listed travel giant aims to access local institutional and retail investors while utilizing India-listed equity for future acquisitions.
This approach demonstrates a sophisticated method of managing tax obligations while solidifying its leadership in the competitive Indian travel ecosystem.

#TravelTech
#Financing

Based on news in Hindustan Times

Image : Taken from Newspaper

MakeMyTrip_IDRS.png (625.47 KiB) Viewed 16 times

[Fergal]

I'm not familiar with MakeMyTrip, what type of services do they provide?

[ptrikha21]

I'm not familiar with MakeMyTrip, what type of services do they provide?

They have website and app where one can book Trains or Flights to destinations within and outside India, make payments and also book hotels.
I normally use them for Hotel bookings.

[germainebull]

This is a neat business model.
As India has thousands of trains running daily.