Business Context and Reporting Period
Company: MakeMyTrip Limited
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: June 17, 2025
Context: The filing reports "Other Events" regarding the pricing of two concurrent capital raising transactions: a primary equity offering and a convertible senior notes offering.
Key Financial Metrics and Transaction Details
| Transaction Type | Details | Value/Amount |
|---|---|---|
| Primary Equity Offering | Ordinary Shares (Par value $0.0005) | 16,000,000 shares at $90 per share |
| Convertible Senior Notes | 0.00% Convertible Senior Notes due 2030 | $1.25 billion aggregate principal |
| Expected Closing | Anticipated Date | On or around June 23, 2025 |
Note: The filing does not provide standard operating financial metrics such as revenue, profit, cash flow, margins, or existing debt levels. It focuses exclusively on the terms of the new capital raise.
Material Changes and Conditions
- Offering Size Increase: The Primary Equity Offering size was increased from a previously announced 14,000,000 shares to 16,000,000 shares.
- Interdependency: The closing of the Equity Offering and the Notes Offering are mutually conditioned. If one fails to close, the other will terminate.
- Private Placement: The Notes Offering is a private offering to qualified institutional buyers under Rule 144A.
Outlook, Risks, and Management Commentary
Management Commentary: The company expects to close both offerings on or around June 23, 2025, subject to customary closing conditions.
Risks and Contingencies:
- Closing Risk: The transactions are not yet closed and are subject to satisfaction of customary conditions.
- Termination Risk: The failure of the Notes Offering to consummate will result in the termination of the concurrent Primary Equity Offering.
Investor Verification Checklist
- Verify the final closing date and confirmation of funds received on or after June 23, 2025.
- Confirm the final number of shares issued and the total proceeds from the equity offering.
- Review the attached press releases (Exhibits 99.1 and 99.2) for specific use of proceeds and underwriting details.
- Monitor for any announcements regarding the failure of either offering, which would trigger the termination of the other.