MakeMyTrip Files Confidentially For India IPO

Travel tech giant MakeMyTrip has confidentially filed its draft red herring prospectus (DRHP) with the SEBI for the India IPO of its subsidiary. MakeMyTrip Ltd, which is listed on the NASDAQ, revealed in a regulatory filing with the SEC that its wholly owned subsidiary MakeMyTrip (India) Limited is aiming to go public. The India listed entity would continue to be a subsidiary of NASDAQ-listed MakeMyTrip and will be included in the latter’s consolidated financial statements.