MAKEMYTRIP RAISES $3.1 BILLION TO SHRINK TRIP.COM GROUP’S STAKE
https://media.zenfs.com/en/skift_501/f70026a68720a51ca682230ed2719aba
✍️ MakeMyTrip raises $3.1 billion to repurchase shares from Trip.com Group, reducing its stake to 16.9%. The company also announces a board overhaul and plans to invest in artificial intelligence.
👉 MakeMyTrip raises $3.1 billion to repurchase shares from Trip.com Group 👉 Trip.com's stake in MakeMyTrip reduced to 16.9% 👉 Board overhaul announced, with Trip.com's right to nominate directors reduced 👉 Three Trip.com-nominated directors resign, three new independent directors added 👉 MakeMyTrip reports strong performance in quarter ending June 30 👉 Revenue rises 5.6% year-on-year to $268.8 million 👉 Company plans to invest in artificial intelligence
-- #MohitKabra #JamesLiang #MosheRafiah #PaulHalpin #AdityaTimGuleri #MayYihongWu #JaneJieSun #RajeshMagow #China #Pahalgam #Ahmedabad #India #business
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