MakeMy Trip in $113m follow-on share offering

India's largest online travel company will use proceeds for acquisitions and investments in strategic businesses. The deal prices on Thursday night.

MakeMy Trip in $113m follow-on share offering

Indian online travel company MakeMy Trip aims to raise up to $113 million this week by selling 4.5 million shares, according to a term sheet seen by FinanceAsia.

The New Delhi company wants to sell three million ordinary shares and several shareholders have proposed the sale of a further 1.5 million shares. Shareholders have 30 days to purchase an additional 675,000 shares, the company said in a statement.

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