MakeMyTrip completes share repurchase to cut China-based Trip. com's stake
"On July 2, 2025, MakeMyTrip completed the repurchase of 34,372,221 Class B shares in MakeMyTrip from Trip.com Group Limited pursuant to the amended and restated share repurchase agreement dated June 23, 2025 between MakeMyTrip and Trip.com. All of the 34,372,221 Class B shares repurchased from Trip.com by MakeMyTrip have been cancelled," MakeMyTrip informed in the filing. Following the completion of the repurchase, MakeMyTrip has a total of 95,383,399 shares outstanding, comprising 89,851,697 ordinary shares, 5,295,690 Class B shares and 236,012 ordinary shares held as treasury shares (of which Trip.com holds 10,773,694 ordinary shares and 5,295,690 Class B ordinary shares, representing approximately 16.90 per cent of the voting power in MakeMyTrip), the company stated. MakeMyTrip's board of directors will continue to consist of ten members, comprising three management directors, four directors (including one Mauritius resident director) who will qualify as Independent Directors (as defined in the amended and restated investor rights agreement dated April 26, 2019 between MakeMyTrip and Trip.com), one other Mauritius resident director and two directors nominated by Trip.com. Regarding the changes in composition of its Board, MakeMyTrip informed that three Trip.com nominated directors including James Jianzhang Liang, Moshe Rafiah and Paul Laurence Halpin have each notified the board of directors of MakeMyTrip of his intention to resign as a Trip.com-nominated director with effect from the completion of the repurchase. The board of directors of MakeMyTrip accepted their resignations with immediate effect.
The board of directors of MakeMyTrip approved the appointment of Vivek N Gour, Savinilorna Payandi Pillay Ramen and Mohit Kabra (its Group Chief Financial Officer) as directors with effect from July 2, 2025, the travel booking platform said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. How Balrampur Chini, EID Parry are stirring up gains amid melting sugar stocks
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