MAKEMYTRIP SHARE REPURCHASE
MakeMyTrip's India arm gets Sebi nod to float IPO
MakeMyTrip's India subsidiary, MMT India, has received approval from Sebi for an initial public offering. This approval follows a confidential filing of draft papers made in July. The IPO will involve the sale of equity shares by MakeMyTrip and its subsidiary, ibibo Group Holdings. Proceeds from the sale are expected to enhance the cash position of the parent company.
MakeMyTrip India files confidential IPO DRHP with Sebi. Check details
MakeMyTrip has stealthily submitted documents for its Indian subsidiary's IPO, marking a significant step in expanding its market presence. The planned offering includes equity shares in MakeMyTrip India Ltd. By doing so, the company aims to boost brand recognition and motivate talent within the subsidiary. The funds raised will bolster MakeMyTrip's financial strength, paving the way for future development opportunities.
MakeMyTrip completes share repurchase to cut China-based Trip. com's stake
The Gurugram-headquartered MakeMyTrip informed the US stock exchange that three Trip.com-nominated directors have resigned with immediate effect following the completion of the repurchase.
Urban Company turns profitable; GlobalBees faces insolvency
IPO-bound at-home services company Urban Company turned profitable in FY25. This and more in today’s ETtech Top 5.
Walmart’s acquisition of Flipkart rakes in $500m moolah for Flipsters
Flipkart’s stock options are granted over a four-year period, with employees allowed to vest them every month after a one-year threshold.
Here's how 2017 has been a roller coaster ride for Indian startups
The year began and is ending on a high note for SoftBank, with its decision to invest in India through Vision Fund in January to sealing a deal for a large stake in Uber on Thursday.
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Diwali bonus for Flipkart staff: Board approves $100 million ESOP repurchase plan
Share buyback plan marks the largest such programme for Indian startup and offers stakeholders the biggest opportunity to liquidate their holdings in the company.
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